I agree with Max that an excellent argument for lower interest rates is that it is a humongous budget balancer -- a freebee so to speak. Since much of today's debt is the result of tax cuts for the rich and spending the Soviet Union into bankrupcy -- two highly successful Reagan period reactionary policies, I take great offense that now servicing the debt THOSE lousy policies generated takes as much of my tax dollar as all social programs together -- almost. (debt service 15%; all social programs 18%; military 21% ugh. Sometimes what is most wrong in the world, the really wildly "odd" stuff, is intellecutually quite "transparent."
