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Message
re: Just in -- Treasury’s $24 billion 30-year bond auction goes poorly today
Posted on 11/9/23 at 4:02 pm to TigerDoug
Posted on 11/9/23 at 4:02 pm to TigerDoug
quote:
Here is the most recent article that I saw on this. Analysis done by Bloomberg. LINK: US Debt costs hit $ 1 Trillion
If the $1 trillion number is correct, that’s almost $3,000 per year for every man, woman and child. Unsustainable.
2
Posted on 11/9/23 at 4:17 pm to auwaterfowler
Directly from the website I will post below.
As of September 2023 it costs $879 billion to maintain the debt, which is 14% of the total federal spending.
LINK: September 2023 - $879 Billion to maintain debt
As of September 2023 it costs $879 billion to maintain the debt, which is 14% of the total federal spending.
LINK: September 2023 - $879 Billion to maintain debt
Posted on 11/9/23 at 4:38 pm to auwaterfowler
quote:FWIW, a $1T CofC on $34T is 2.9%. As debt continues to roll over to more current rates, I'd think 2.9% could turnout to be luxuriant. Every 1% increase adds ~1/3rd of a trillion to the cost-of-carry. That will escalate.
If the $1 trillion number is correct...
Keeping in mind CofC is above and beyond current deficits. So we're running interest atop interest. But ... Climate Change! DEI! Trans Rights!
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