Amazingly, Keynesian shitheads like Paul Krugman think this is a wonderful idea.
Via Weekly Standard:
The eurozone might be cracking up, but as far as debt goes, America appears to be in worse shape than the entire eurozone in the long run. According to a new chart set to be released later today by the Republican side of the Senate Budget Committee, America is on track “to add three times more debt than [the] eurozone over [the next] 5 years.”
Already, as the chart shows, America’s debt exceeds the eurozone’s, roughly $16.6 trillion to $13.3 trillion. (These numbers are based on what the debt is expected to be by the end of this year.) But by 2017, that gap is projected to widen, and America’s debt is expected to be $22.3 trillion, while the eurozone’s debt will be $15.2 trillion.
That means, over the next five years, America will have added $5.7 trillion to the national debt, while the eurozone will have added only $1.9 trillion.