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.

By: Alan

Alan Colmes is the publisher of Liberaland.