FYI: The case against long-term financing doesn't make much sense. By financing longer-term debt inexpensively, this bizarre argument goes, the U.S. would end up encouraging even more government spending. That almost sounds reasonable until you rephrase it. If anyone actually said, “The U.S. should make sure its debt remains expensive to discourage future spending,” you would think them mad. But this is actually one of the arguments made against use of long-term refinancing.
Regards,
Ted
http://www.bloomberg.com/view/articles/2016-05-19/a-50-year-u-s-bond-makes-more-sense-than-ever
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