The U.S. has the reserve currency of the world, and there's an enormous amount of power that comes from that position. The United States could have had a much more aggressive and thoughtful strategy of refying by pushing out these maturities way into the future. Trump actually suggested that, but because he sounded like a goofball, everybody said absolutely no way. But in hindsight, that one move would have saved us trillions over the next decade if we had done it.

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