A record $8.9 trillion of government debt will mature over the next year. Who’s going to fund all of this debt?

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This is a dire situation; the staggering $8.9 trillion government debt maturing soon is alarming. With a projected $1.4 trillion deficit in 2024, over $10 trillion in US government bonds need buyers, almost a third of the current federal debt. The Fed’s plan to cut rates adds to the challenge. The surging debt service costs, doubling since rate hikes began, highlight the unsustainable nature of the situation. Powell’s acknowledgment that we are “borrowing from future generations” emphasizes the gravity of the issue. Unsustainability looms large.

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