Yeah, that is the other side of the equation. If you make people obsolete, they feel useless, which makes them even more dysfunctional. It’s a vicious circle.
On the borrowed $$ thing. The $$ isn’t even really borrowed in the traditional sense. It is created out of thin air by the Federal Reserve. Then it is lent to banks, which lend it back to the Government—at a marginally higher (but still low) interest rate.
One problem this causes is that it results in an inability to price Capital efficiently. This problem no doubt negatively impacts the Economy, but you rarely hear the Talking-Heads address it. I would guess that it helps the Big Banks and Crony Capitalists.
The other problem with this approach is that it robs savers of their interest. This is increasingly a problem for me and many others. So, we have less $$ to spend. But no one cares about us, as we are old-ish, White people who tend NOT to riot.
(LOL at your last line...) Yes, I've been similarly getting robbed for years. But frankly, there are many on this forum who are happy with the return in the artificially pumped up stock market and they simply don't give a damn that savers near retirement are getting robbed so the market will stay pumped...not yet anyway.