The recession ended 3 years ago. What you are suggesting is endless stimulus/government spending.No, our economy is not an addict, it was a heart attack victim. The stimulus was a shock to keep the heart beating, but the rest of the care needed has been lacking, and we might be getting sick again, the first treatment did not get enough or keep enough employed.
Sure, borrowing now has its advantages. The trouble is, rates will not remain this low forever and everything borrowed today has to eventually be rolled over at higher rates. What you are saying is that inflation will helop you cheat your lenders out of recovering the full value of their loans. What you havent taken into consideration is that lenders understand this. That is why rates will rise.LOL...yeah, about that inflation....it isn't happening...and borrowing leads to austerity? No, borrowing leads to repayment in the future, where mild inflation causes the past borrowing to decrease in amount on top of the fact that borrowing now has less that zero interests costs.