It's not long-term debt if the money is immediately paid back.
Sentiment: NEGATIVE
Remember this: debt is a form of bondage. It is a financial termite.
It's an open secret that if a debtor is willing to wait long enough, he can probably get away with paying almost nothing, as long as he doesn't mind hurting his credit score.
In this business, if you don't pay your debts you're finished.
It took the first 204 years of our Nation's history to accumulate $1 trillion in debt. And now we are doing that every 2 or 3 years.
The call for debt cancellation is welcome, but debt does not just go away.
I don't mind the government accruing debts as long as every dollar is spent effectively with a high return. That works out fine. If you accumulate debts and waste your money, that's, of course, a disaster.
Worry is the interest paid by those who borrow trouble.
Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses.
Governments can inflate their way out of debt, but that has consequences, doesn't it?
A promise made is a debt unpaid.