Furthermore, worries about property bubbles and excessive credit expansion present short-term headwinds to Chinese demand.

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The fourth symptom of overheating, and one of the most important, is excessive credit expansion, which can lead to asset bubbles as well as inflation.

ECONOMIST: Economics focus

We are afraid of excessive debt, taxes, spending, monetary expansion, and inflation.

FORBES: Tax Deal Fiscally Irresponsible

If we believe that they understood the intent of the law which they wrote better than we do, then we cannot seriously argue that they thought the 14th amendment specifically mandated debt expansion rather than other means such as cost reduction to deal with excessive debt.

FORBES: Four Questions For Obama's 14th Amendment Courtiers

In particular, if no countervailing actions are taken, what would be perceived as an implicit expansion of the safety net could exacerbate the problem of "too big to fail, " possibly resulting in excessive risk-taking and yet greater systemic risk in the future.

FORBES: Reducing Systemic Risk