Ending up in this situation means that there were wrong decisions along the way. Even if a crisis hits, if the government was efficient enough to prepare then they would not need to be borrowing so much or at all.
The problem is I think borrowing becomes a cycle. Like if you borrow for a crisis, the money you make will just be used as payment but of course you will still need money so where will this leave you? Borrowing again? As much as possible, government or just an individual, avoid borrowing.
You got the point clearly, and government or individuals cooperation should avoid borrowing, because at the end you definitely going to pay higher than you borrowed and with a growing interest, you will never have the chance to recover before your lender beginsbto beckon on you to pay back the money, so for no any reason should we encourage borrowing but rather we can build individuals or country to be self sufficient in other not to need to borrow for whatever reasons.