>>Of course with rates as low as they are those holding 15, 20 25 years should reasonably be able to expect a return comparable to the historical norm.

If you pick 200% inflation over that period then by my math a trillion $ loan today effectively will become a 300b loan. Pick >1400% over 50years which is the historic property performance and the trillion $ loan effectively becomes 72B.

Don't want to sound like a Dem but maybe now is the time to spend. Bring on the Hoover dams, the freeways, the civic infrastructure to create opportunity for the willing unemployed. Then allow inflation and time to reduce the burden, leaving only appreciating assets and a new generation whose kids get a chance to believe in the American dream.

To those who fret about government debt, consider the Hoover Dam: its mortgage was finally paid off in 1987, all $145M of it, which is > $2B in today's dollars though real construction costs would be *far* greater today. This makes the dam a great asset that provided many thousands of jobs at the time and continues to appreciate and provide cash returns to the taxpayer. Show me the victim.