Consider having two backlogs

One of the tenants of agile development is transparency: for example, Scrum teams only work on items chosen by the product owner from the product backlog. If there are technical deficiencies in the code base it is up to the team to make the case to the customer or product owner. If the case is sufficiently unconvincing, then they don’t get to do the work.

Is this really the best way to balance technical and business objectives?

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