The government borrows by selling mostly long-term bonds with an interest rate of around 4% to 5%. The government should borrow by selling more short-term bonds with an interest rate of 0.25% to 2%. Paying 2% instead of 4% on a $14 trillion debt would save $280 billion per year.
Showing 2 ideas for tag "borrow"
Hmm, how to save money? Hey, I have an idea: let's try "living" within/below our means. For starters, how about we cut off foreign aid, both to foreign countries as well as to foreign nationals who come to this country for the purpose of taking advantage of our very lax and very stupid immigration and public social services policies. Why are we taking care of the citizens of other countries while neglecting or even... more »