Offer to refinance US mortgages at US borrowing costs plus 1% as outlined by Nobel-laureate Prof. Stiglitz in Freefall.

Reducing interest rates to 3% or so on US mortgages, using the great rates available on T-bills, would stimulate the economy. The government would make 1% over its borrowing cost, so the plan would help reduce the US deficit, not increase it. No new taxes required. As Prof Stiglitz explains in Freefall, the political force of banks stops this from happening, not economics. Time to tell the bankers to find other ways to make money as opposed to keeping in place US mortgages at above-necessary interest-rate levels. Treasury and Fed could make this happen without new legislation from Congress.