I figure somebody should note this idiocy from Trump since nobody else has.
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....
There is a slight problem with this "refinance our debt" thing. The Treasury hasn't issued a callable bond since 1987. Oh well, Munchkin should get right on it. I'm sure the market would love 50 billion or a trillion in non callable Treasury notes called in. Cripes.
Hey Lee, You have been in contact with Treasury flacks. How about shooting them a question about when they are going to start to call in Treasuries.