Zero.

Editor,

Republicans sure don't understand economics.

The USA has a jobs crisis, which demands a fiscal solution, and Republicans can't let go of the thoroughly uninformed notion that the USA has a debt crisis which demands austerity, the worst possible policy at this moment in time.

Interest rates are essentially zero, and the Fed has said repeatedly they will remain zero essentially for the foreseeable future. This means that government can borrow at virtually zero percent interest, making interest payments on the borrowed money zero.

That is why the TBTF banks can sit on $1.4 TRILLION in cash that they refuse to loan, particularly to small businesses. Banks borrow money at zero percent, their interest payments are zero, their war chests are enormous, and it doesn't cost them anything to hold onto all that borrowed cash.

You know those ads saying:
"Interest rates are low! Now is the time to refinance!"

Now is the time for government to borrow.
Interest payments would be zero.

Re: "The Crazy Party" (9/20/2013)