Creating viable institutions for managing public debt in a democracy is difficult. The mechanisms currently on offer are treaty-based, constitutional, and statutory debt ceilings, pegged as a ratio of GDP, or, as in the US, established in nominal terms.
在一个民主政体中创设切实可行的体系去管理公共负债是相当困难的。目前提供的机制是一个以协议为基础，符合宪法的法定债务上限，以GDP的特定比率为限，或者像美国那样基于名义条款。