“US public debt has created problems in the past but figuring out who will buy it hasn’t been one of them. Aside from creating too much demand, or not enough, the problem with debt always has been predicting the price at which it will be bought and value it will provide. $31 trillion is just a distraction”.
“US public debt made breaking news headlines this month by rising above $31 trillion for the first time. Soon it will be $32trillion, then $33trillion, and in a decade, $45 trillion, according to the Congressional Budget Office (CBO). By the time new hires today are ready to retire, US debt-to-GDP could be at 185%.”