Opportunities

With the yield on our 30-year Treasury bond at a historic low, below 2% ... and likely to go lower, the U.S. has a rare opportunity to refinance its debt coming due into long-term bonds ... a good thing. The result of this would be much less pressure from interest payments in the years ahead.

And, like we did after World War II, if our Federal Reserve Bank eventually (when we have balanced our budget) might allow inflation rates to break back into ... or close to ... double digits, we will have monetized our enormous federal debt and pretty much removed it from our grandchildren’s shoulders ... and placed it back on their grandparents. Of course, I suspect this would be Trump’s longer-term preference ... but I doubt he will be president when and if this were to happen.

Now, if we can match these strategies with a lowering of our current deficit spending? Are you listening Congress?