I don’t really mind the feds giving us some money back, but if they’re just going to borrow in our name then it’s not much of a win. If your spouse came home and said “Look, I just got $600 from the credit card company!” would you give a high-five or note that you’ll have to pay interest on it?To be fair, the government interest rates on long-term debt are a lot more attractive than those offered by Mastercard.
This article available online at:
http://www.theatlantic.com/business/archive/2008/01/don-apos-t-get-too-excited-about-that-rebate/2627/
