The government can borrow at a very low interest rate and for a long term. This is the time to invest in the future. This way the long-term debt to GDP ratio will go down, or we can continue (with the do nothing President and Congress) in the present path,, and deficit will go up!
Why is this important?
Studies indicate that if we had a health care system that is efficient as Europe's care system we'd have no deficit.
This would return the nation to sound footing without the need for spending cuts and tax increases. WE finally would have a health care system that puts people first. The money saved could then be used to finance full employment, investing in education, infrastructure ( which according to Joseph Stiglitz the deficit will come down enormously).
