Debt, not only odious, but also illegitimate and unconstitutional.
"We have national commitments, more urgent than international ones. We'll fulfill our international obligations as soon as we are able. But our priorities are clear. Life comes first, repaying debt second."
-Rafael Correa President of Ecuador.
Almost 50% of the [Ecuador] government budget was used to repay debts. eg. $4 billion US per year debts, versus $400 million US per year spent on health care.