Popular Conservative Austerity argument Debunked?

[snyps]

PDF said:

snyps said:
why are ppl defending debt in this thread?

keynes is why we have inflation, paul krugman is PR for the LENDERS, colbert is a paid actor, and few of you are economists.

Could you or I survive on debt? no.

You or I cannot borrow money at a rate as low as the United States Government can.  The deb threat is made up crisis largely is contributed to this by this man http://en.wikipedia.org/wiki/Peter_George_Peterson .    When you can borrow at a rate lower than estimated GDP growth, you should do that.  

It's like if I could borrow money at a rate lower than what I would make  off the interest by having that money.  I would be a fool not to borrow but I can't.   Private debt is a huge problem but that is different than what we are talking about here.

good point.  I think the interest rate of money borrowed by the us is below 2%.  However,  with this money being giving away, how much revenue do you suppose is generated directly or indirectly by this borrowed money?  Look at the chart below and see if you can point out which area creates revenue from borrowed money.  You're saying you gotta spend money to make money... so borrow to spend.

 

If revenue from borrowed money (indirectly and directly) is 2%.  Then the interest gets paid. But the money borrowed is spent and must be paid with taxes.  Some day.  By us.