But it's not a liability in the government's books.
This, to me is the Ponzi scheme that we have in capitalist debt financing. Companies, whether it's the government or the predatory payday loans that we have here, work on a continuum of debt that appears and disappears and reappears in so many different ways to the advantage of the financier instead of the person who's actually receiving the debt. I'm just wondering if there couldn't be a more equitable way to transfer debt.
Once it's discharged, there are no more collections after that?