BluesLegend
Diamond Member
Have you noticed the interest rate on the recent additions to the debt (Treasury bonds)? It is lower than a snake's belly because investors from all around the world are frantic to put their money into US government securities.Good. We need to spend more on shit that matters.
We are over $18 trillion in debt already sorry to burst your bubble. I know why don't you get all the bleeding heart libs to voluntarily donate money?
The result of all this low cost government debt is lower taxes, especially on the millionaires and lots more money sloshing around in the domestic economy creating jobs and opportunities.
No wonder Alexander Hamilton was able to sell George Washington on the idea of a national debt. It doesn't work like the money you owe your bookie at all. Government debt is a good thing, and if Uncle Sam ever gets in a real financial pickle, he can just print a helluva lot more of it. Can't do that on your lemonade stand.
Is that you Nancy Pelosi arguing spiraling out of control debt and devaluing peoples savings by printing money is a good thing?