Don't get too excited about that rebate

Notes Thoreau:

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.