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