I’m willing to issue a security if the government’s willing to buy my debt. I’ll pay it back when it’s more convenient to me as well.
Sounds like something J. Wellington Wimpy would do. He was a character in the “Popeye” comic strip... Here is a quote from Wikipedia:
“His best-known catchphrase started in 1931 as “Cook me up a hamburger. I’ll pay you Thursday.” In 1932, this then became the famous “I’ll gladly pay you Tuesday for a hamburger today”.[5] This phrase is now commonly used to illustrate fiscal irresponsibility.”
Incredible!