good point...but the fact interest rates are so low..DESPITE such massive Federal borrowing, means NO business is borrowing money...because in this tax and regulatory climate...credit is useless. It CANNOT grow..and so no point in borrowing AT all. Which compounds the Federal deficit which is used to growing in parallel with job and business growth.
this is a terrible, terrible trap...out of which the only route is effective dissolution of the Federal Gov’mt as we know it, and Constitutional Re-Federalization. If properly and timely done-America would own the next 100 years.
I love having a discussion with an intelligent and knowledable person! I agree entirely with you. I will also add that banks are not lending much to either consumers or businesses, partly because of Dodd-Frank, which underscores your point. My point is that even if we got rid of the fear of increased taxes and many of the recently imposed regulations, we would still have a credit problem because of government spending beyond its means, unnecessarily tapping into the pool of available capital.