> There's also the present reality that not borrowing money at the present interest rates would be insane. Real interest rates on federal debt are near-zero and have actually gone negative at some points. People are literally paying the government to hold their money. [1]
Except since you're not ever reducing the debt burden, one day that debt will come due and you'll have to refinance it, and who knows what rate that will be. Having a large debt can be somewhat of a time bomb.
(although I agree with the other things you said - and especially the US is in a great situation where its debts are generally in USD which it controls)
Except since you're not ever reducing the debt burden, one day that debt will come due and you'll have to refinance it, and who knows what rate that will be. Having a large debt can be somewhat of a time bomb.
(although I agree with the other things you said - and especially the US is in a great situation where its debts are generally in USD which it controls)