[danieltillett]

The fact that we can borrow at 3% for 30 years and we don't use this to invest in productive infrastructure assets is insane.

[encoderer]

Who is we? The federal govt can borrow at far lower rates than 3%.

[Renevith]

Not for 30 years. In fact, as of yesterday 12/15, the 30-year treasury rate was exactly 3.00%.

https://www.treasury.gov/resource-center/data-chart-center/i...

[encoderer]

Great link, thank you!

[danieltillett]

We the people.

I was being a bit generous with the we bit since I am Australian, but the same thing applies to our government too. My state just sold off a hugely productive piece of infrastructure (electricity poles and wires) to pay down debt. The crazy thing is the infrastructure returned twice as much per year in dividends than the interest on the debt retired.