Congress: Thanks for fucking up the US Economy.... again

Exactly, with interest rates where they are and factoring in inflation, $1T in borrowing translates to about $12.b in real interest costs.

If the CEO of a company turned down that kind of money and those terms to finance growth he would be fired and/or murdered.

There is a lot of unutilized savings sitting around and plenty of people who find the (former) security and low return on govt debt to be sufficient.

But we should definitely just cut everything and wait the 5-10 years for the economy to sort itself out while long-term unemployment kills the skills of the American workforce.
 
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