Yeah, basically every government in the world has some debt that they just keep perpetually refinancing to have additional cash on hand. It's not a problem until you have other stuff go wrong (e.g. natural disaster, economic slowdown, lose a war, etc.) and your creditors get nervous, in which case it can become a real big problem really quickly,

But still, you're arguably just wasting your government's power by not using debt/deficit spending, because government debt means paychecks for government workers or contractors and infrastructure or other services for your citizens that can effectively pay for themselves in the long term

e; the punctuation was somehow even worse previously