So how do we refinance the debt now? pic.twitter.com/XSeGui9ELI
— Spencer Hakimian (@SpencerHakimian) May 13, 2025
The U.S. is on track to default on its debt within four years. We need to refinance $9T this year, plus $2-3T in new deficits, but domestic savings are only $5T. Foreign creditors like Japan, who we’re alienating with tariffs, are dumping Treasuries—pushing 10-year yields to 4.5%. Higher yields (7-8%) would tank equities and the economy. Printing money just balloons the $70T Social Security liability with automatic cost-of-living hikes. Entitlement reform is the only fix, but it’s politically dead. We’re cornered.
The U.S. is on track to default on its debt within four years. We need to refinance $9T this year, plus $2-3T in new deficits, but domestic savings are only $5T. Foreign creditors like Japan, who we’re alienating with tariffs, are dumping Treasuries—pushing 10-year yields to… pic.twitter.com/1ZwnSJa2jf
— Porter Stansberry (@porterstansb) May 13, 2025
Republican Tax Plan: a summary pic.twitter.com/eUTln23MLt
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) May 13, 2025
So will yields. https://t.co/lW7qK4lkWz
— The Great Martis (@great_martis) May 13, 2025
Spending is the problem.
For two decades federal spending averaged 20% of GDP. During COVID, it jumped to 30% of GDP. It’s currently 23% of GDP.
If we cut taxes without cutting spending, an even greater fraction of American productivity will be consumed by interest on the debt. pic.twitter.com/gy2jPqLxjI
— Thomas Massie (@RepThomasMassie) May 13, 2025