Can Debt Save America?
Rick Ungar at MoJo says Debt is good.
At its core, it is a very simple proposition. If you can make a good case that borrowing at a given interest rate will produce a predictable return—one that not only allows for timely repayment of the debt obligation but is highly likely to create ongoing, future profits as a result of the investment made with borrowed money—debt is an excellent way to go.
Currently, the federal government can borrow at an astonishingly low 2 percent interest rate. If we can make investments that will produce a predictable return of at least 3 percent in increased revenue, why would we not want to take advantage of these low rates to make those investments?
…Not only would a national infrastructure program on a massive scale create the jobs that will more than increase our federal revenues by 3%, the improvements would be the gift that keeps on giving, as they would bolster our ability to modernize and continue as a world economic leader long into the future.Click here for reuse options!
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