When I owe you $1,000 dollars, it is my problem. When I owe you $1,000,000, it is your problem.

The economy is slow because of politics. It means that bankers have an abundance of cash on hand. It is risky to invest in the business. It is safer to loan it to the government. Bankers decided that the United States could withstand that $30 trillion of debt. They will get their interest, but the economy will suffer.

The wealth of most Americans will stagnate or go down. Some of the borrowed money will go to welfare projects, but no one ever got richer from food stamps. Most of the money the government borrowed will go to grandiose programs, which will enrich a handful of the largest American corporations.

The bankers who lend the money are stockholders in these corporations. Hence, besides the interest they will gain from the profits these corporations will make on contracts from the government, financed by the money they lend to the government.

As always, the poor will get poorer the rich will get richer.