Currently the government can borrow money on a 5 year note for less than 1.5% per year if the debt ceiling is raised. The exact rate last Friday on the five year Treasury Note was 1.446% [This is money that the government borrows from banks, institutions, individual buyers, other governments.] This rate is LESS THAN INFLATION. We can be using this money to repair our failing bridges, roads and other infrastructure. Of course, we should cut wasteful spending and encourage private support for things like our space program that have commercial potential.
. The exact rate last Friday on the five year Treasury Note was 1.446% [This is money that the government borrows from banks, institutions, individual buyers, other governments.] This rate is LESS THAN INFLATION.
Great, an enemy plant here at FR.
Three things gave you away. The demonstrated insanity of massive increases of spending while bankrupt. The fallacy that money would go to "repair our failing bridges, roads and other infrastructure" (and the immoral supposition that people in TX should be taxed and future generations cast into life-long poverty so that goonion thugs in NJ can claim to repair a bridge). And finally, the bald faced lie about the rate of inflation. Your number is off by at least an order of magnitude.