The two reasons why bankruptcy is a false concern about the public debt are:

The two reasons as to why bankruptcy is a false concern in regards to the public debt are the following;

· Taxation - this is a charge in which the government provides in order to meet and fund expenditures or projects needed to be done in the public.

· Refinancing - It is a way of having to have another debt in which the existing debt that an individual has is being replaced.