Trump fucks Vegas

The 3 rating agencies disagree with cpa Kevin on Us debt. They are versed on the subject 

  How can this be? They will feel the wrath of the all- knowing cpa/oncologist/financier Lewis. 

Every single major corporation in the US carries debt. Every government in the world carries debt. I guess you know more than they do.

Debt is beneficial if the cost of carrying it is equal to or lower than inflation.

Please post a link to where they state that they disagree with me.

Stupid Tom.

  Debt is the end result of excessive government spending, like the spending during the past 4 years when the brain dead Biden administration ADDED $8 Trillion to the national debt. Just because every other government carries debt does not make it right - what an ignorant comment. Debt is NEVER beneficial. Inflation is a direct result of debt and carrying debt and borrowing money to finance the debt is asinine. 

I was pretty sure that what I explained was beyond your understanding.

      I don't believe that any sane individual understands your explaination. The only people who benefit from debt are those who loan money to those in debt and recieve money in the form of interest payments from the debtors. It remains a vicious circle until the original debt is paid back in full which is impossible to do as long as unfettered spending is allowed and continually done, you know - the DemocRat way of "governing", as seen the past 4 years.

If I borrow money at 5% interest and inflation is 6%, I MAKE money.

As I said, beyond your understanding.

And as far as your DET AM ALWAYS BAD nonsense goes--the US went into a huge amount of debt during WWIi. That financed the creation of the greatest army in American history. I guess THAT WUZ BAD.

You complete fucking idiot.

  You moron - so you borrow money @ 5%  when inflation is 6% - what happens when inflation drops? You are stuck paying MORE for the interst you secured which means you LOSE money. Now, who is the fucking idiot?

When inflation drops, the true cost of debt is still not the interest rate, but the interest rate MINUS the inflation rate.

And what happens when the inflation rate RISES? You make even more money!

Right now, anyone paying 4% face value interest on a note is in actuality paying 1.7%. And financing at 1.7% is a really good deal. I'm sure even someone as stupid as you knows that projects large and small, government and private, need financing.

DET AM BAD is simplistic and stupid. You lost this one, Davey Dog. But whatever you do, don't admit it. You don't have the balls for that.