Write a discussion post reply to Anourack Xiong, "I agree with the authors that rising debt does lead to higher risk premiums. Atleast the way I understood is that youre essentially having a credit card and taking out a cash advancement with a 27% interest on the advancement but now you have to figure a way out to pay back the advancement you took plus the interest on top if you arent able to turn whatever money you took out as a positive net gain so you take out another cash advancement from another credit card with maybe 30% interest to pay off the other credit card thus creating a vicious cycle". (in paragraph format) given the article: Public debt and the risk premium: A dangerous doom loop by Daniel Gros and Cinzia Alcidi