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Everyone should read this link and understand the implications. We have $29 trillion in debt held by the "public." 33% of that debt, or $9 trillion, will mature in the next 12 months. That means we will need to sell new bonds to raise the money to pay off that $9 trillion to the holders of the bonds that will mature. Five years ago, the AVERAGE interest rate across all of the national debt was 2.32%. That meant the mix of T-Bills (2-12 months) to bonds (up to 30 years) could be averaged out to 2.32%. Today, because of the borrowing during the Biden Admin post COVID using mostly 3 and 5 year bonds, the average interest rate across all the debt is now 3.35% That 1.03% increase is actually a nearly 50% increase in borrowing costs across the entirety of the debt. That's why interest on the national debt this year exceeds the Pentagon budget. What Pres. Trump is doing by design is to drive down interest rates so that when we have to sell $9 trillion in new bonds over the next 12 months, the interest rates on the new bonds will be less than the interest rates on the bonds sold that were sold by the Biden Admin to fund the nonsense crapola that DOGE has been exposing.

shipwreckedcrew ↗