> That doesn’t sound like an efficient use of capital. It is literally 100% efficient. There is no source of inefficiency. The reason is because that's not whe

> That doesn’t sound like an efficient use of capital. It is literally 100% efficient. There is no source of inefficiency. The reason is because that's not where the "use" is. Look for inefficient actual "uses" of government money (there's a lot), and argue against those. Interest is not waste; the capital doesn't go away. It just changes hands.