Concerned American
Diamond Member
Been through these boom and bust cycles and it can't be done. You can borrow, but at some point you have to deal with the pain of payback. There are no magic beans.You actually can do that , if you borrow at X rate and then invest that borrowed money with a return at X + Y + rate of inflation, rate.Neither is borrowing your way to prosperity...and how many times did Donny go bankrupt? You sure you want to use him as an example of how to make debt work on a national scale?And how bad can debt be?
St Trumpy built a real estate empire based entirely on debt and His sycophants claim He was the best president ever?
I'm all for thinking outside the box but I'm not sure going Taj Mahal Resort with our already broken national finances is the way forward.
The Federal Government doesn't do that most of the time though, it borrows at X rate and gets a return of ZERO, sometimes they actually get less than ZERO returns since the borrowing actually ends up inhibiting economic activity and efficiency.