They are forgetting recent history. Building bridges to nowhere happened through the local bond market. No one in their right mind would sell something of intrinsic value to fund depreciating infrastructure projects or emergency programs to rebuild depreciating infrastructure projects unless their names were Gordon Brown or Brian Mulroney. 95% of Japanese debt is held by the future generations of the Japanese, it's not like their creditor is worried about default so they'll just keep printing more debt. Nadler is wrong as he always is and Levy doesn't think Ozzy Jurrock is a real estate advocate. They can't be trusted.