I did not vote for a "Grand Bargain"

[BouzoukiKing]

55. As I said:

"Yes, borrowing to spend has been necessary; but as a viable financial plan, how sustainable is it?"

{emphasis mine}

The vast majority of borrowing right now is huge financial institutions buying debt instruments (on credit) from the government and then loaning that same money back to a different part of the government at a higher rate. The point was supposed to be that if private industry (assuming one cares to call anything on Wall Street an 'industry') got money at low rates, they'd loan it out around the country at higher (but still attractive) rates; to various private companies who needed an infusion of capital.

But, as usual, the maggots on Wall Street figured out a way to game the system. So they take with one hand, and... take with the other.