"Money is cheap."https://twitter.com/brianschatz/status/1397974502403985408 …
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This old playbook, again
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Debt is cumulative but there are things where debt makes sense. For example: Infrastructure that lasts 50 years. Areas where debt does not make sense: tax cuts for billionaires.
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Plenty of economists have pointed out that making needed infrastructure repairs and upgrades when interest rates are low is good for long term debt, for fairly obvious reasons.
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Crumbling infrastructure is also cumulative and far more dangerous than debt.
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You're right. It's easier. Getting a mortgage has tons of hurdles and you'll still pay a higher interest rate than the government will.
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Did you read the whole tweet? The Senator you quoted understands how this works better than you do and has already accounted for this.
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People like you were happy to balloon the deficit over tax cuts for corporations and the rich. Why should anyone give a shit what you have to say now?
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This tweet from the year 2009 is impressive.
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When the "explain it like I'm a five-year old" goes over your head, you should probably stop tweeting about it.
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