If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market participants generally agree that even a brief default would create potentially catastrophic risks to the financial system, like the meltdown of 2008.
It is never smart, even in a strong democracy, to declare some debate off limits. In a weakening democracy it is catastrophic.
It is easy to lay the blame on successive governments for failing to address health as a fundamental right for the Indian people. But the real tragedy is that we, the people of India, have not taken our government to task for this catastrophic failure.
NASA's myriad failures are in many ways the natural consequence of a catastrophic combination of bureaucracy, monopoly, and a calcifying aversion to the kind of risk necessary for innovation.
