. 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.
Are you saying that inflation is even higher than I thought? If so, then it makes even MORE sense to borrow at 1.446%, not less. Furthermore, given its size I am sure that Texas has a great deal more infrastructure that needs upgrading and repair than NJ does. Furthermore, I do not think that we should increase our spending, I merely believe that not paying bills we have already incurred is stupid and self-destructive.