Sadly, it is not just a failure to think ahead.
A huge portion of the financial industry is enamored with debt.
Merchants of debt aren't just found in the US government. They are pushing debt in business, schools and all sectors of our economy.
Marketers push consumers toward debt. MBAs in business school that businesses should carry high levels of debt. The schools of the world coax students into massive student loans.
The entire housing industry feeds on debt.
Sadly, the merchants of debt even have sway on HIVE. The witnesses support 20% interest on HBD.
This is not short shortsightedness. There is a modern ideology that tells us that debt is good. Everyone from the heights of government to the blockchain appear to buy into this idea.
Even PIZZA pushes debt as they give 12% on their staked tokens.
!PIZZA
RE: 40% of US government debt will have to be refinanced within 2 years