I believe the super secret plan is to run up the debt and in the hidden background the FED is secretly printing more gold at the Treasury. I bet somebody goes in on the weekend and does it.
US Debt is unsustainable
- Thread starter pmbug
- Start date
Welcome to the Precious Metals Bug Forums
Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).
That has nothing to do with it.
What would happen is all the gold would be bled off in a matter of days.
That's why Nixon closed the gold window to begin with.
Can't open it back up 'til we get our fiscal house in order.
Opening it now would be like pointing a loaded gun at your own head and pulling the trigger.
If they cannnot manufacture lower rates somehow, by the next president's midterms either the interest on the debt will be approximately $2.5T annually or about half of annual taxes collected or everything will have crashed and imploded.
The gov has had about $8 trillion in debt rolling over every year since 2020. This year it's approx $10T. In '24 it was about $9T
- Messages
- 44,544
- Reaction score
- 7,568
- Points
- 288
Fun with Grok
Q
Can you tell me if the following statements are true and if not true what are the actual numbers. The gov has had about $8 trillion in debt rolling over every year since 2020. This year it's approx $10T. In '24 it was about $9T
A
Mostly in the right ballpark for recent years, but not fully accurate—especially the “every year since 2020” part.
Here are the actual figures for the amount of maturing Treasury securities that the U.S. Treasury refinanced (rolled over) each fiscal year, based on GAO analysis of Treasury data:
| Fiscal Year | Refinancing / Maturing Debt Rolled Over |
|---|---|
| 2020 | $4.5 trillion |
| 2021 | $7.4 trillion |
| 2022 | $6.3 trillion |
| 2023 | $6.7 trillion |
| 2024 | $8.3 trillion |
| 2025 | $9.1 trillion |
| 2026 | $9.7 trillion |
Breakdown of the claims
- “About $8 trillion in debt rolling over every year since 2020” → False. It was substantially lower in 2020–2023 (ranging from $4.5T to $7.4T). It only reached the $8T+ range starting in FY2024.
- “In ’24 it was about $9T” → Close but a bit high. Actual was $8.3 trillion.
- “This year it’s approx $10T” (2026) → Very close. Official projection/figure is $9.7 trillion.
Additional context
These GAO numbers refer to the principal amount of securities that matured and needed to be refinanced in that fiscal year (primarily marketable debt). Gross issuance is much higher because short-term Treasury bills mature and are rolled over multiple times within a single year.Other commonly cited figures (e.g., “debt maturing in the next 12 months”) often land in the $8–10 trillion range depending on the exact snapshot date, whether they include only privately held debt, and how bills are counted. Recent commentary has frequently referenced roughly $8T+ or about one-third of outstanding marketable debt coming due within a year.
In short: The trend of rising rollover volumes is real and has been climbing into the high single-digit to near-$10T range recently, but the claim of a steady ~$8T every year since 2020 is overstated for the earlier years.
^^^^ Lol
As though there's just huge differences between $6.3T $7.4T and the close average of $8T I used.
It's still pretty damn close. The only lowish one was from the last year of Trump's first term.
Also, when you add in defect spending, the total is a good bit higher for each of those years.
The point being, it's not a Trump thing, like your post I was responding to suggested. Having 10% of the debt roll over in such a short time, isn't a new thing. It went on all during Biden's term too, but where was Massies tweets on it then?
In 2020 we had 10% of US debt rollover in six months time. Debt was a just over 21T. $2.25T rolled over in six months is pretty darn close to 10%.
In 2024 we had $35.5T in debt with $8.3T of it rolled over.
That's almost 12% rolled over each six months of Biden's last term, so based on that, the ten percent in the past six months is an improvement.
.....but hey, let's throw rocks at it. Lol
Where was Massies tweets on it in 2024 when it was 20% higher?
As though there's just huge differences between $6.3T $7.4T and the close average of $8T I used.
It's still pretty damn close. The only lowish one was from the last year of Trump's first term.
Also, when you add in defect spending, the total is a good bit higher for each of those years.
The point being, it's not a Trump thing, like your post I was responding to suggested. Having 10% of the debt roll over in such a short time, isn't a new thing. It went on all during Biden's term too, but where was Massies tweets on it then?
In 2020 we had 10% of US debt rollover in six months time. Debt was a just over 21T. $2.25T rolled over in six months is pretty darn close to 10%.
In 2024 we had $35.5T in debt with $8.3T of it rolled over.
That's almost 12% rolled over each six months of Biden's last term, so based on that, the ten percent in the past six months is an improvement.
.....but hey, let's throw rocks at it. Lol
Where was Massies tweets on it in 2024 when it was 20% higher?
Last edited:
Are you asserting that Massie just became a budget hawk because of TDS? For more likely, IMO, that he tailors his speech for his intended audience. He didn't need to educate Trump supporters while Biden was in office.
I'm not saying he just became a budget hawk. That aspect of him is a good thing.
I was just asking if he was pointing it out when it was an even higher percent of the debt.
His intended audience should be first and foremost his constituents, then his peers in Congress, and third, other citizens.
....but shouldn't they all hear the same message? At least when it comes to stuff like the public debt?
I want the gov to get it's fiscal shit together as much as anyone does, but the problem rests at congress's feet, and no one else's.
Purse strings, after all.
They do?
They sure don't act as though they do.
IMHO, we have a GOP majority in name only.
Too many Rino's on the other side.
Thune is one of 'em.
Unless what you think is the United States is really just another corporation...
Libertarians are your Herd of Cats with very strong opinions (guilty)
Republicans are more a coalition of a couple groups, the Economic conservatives, the Christian/moral conservatives, and the military rah-rah types.
Republicans are more a coalition of a couple groups, the Economic conservatives, the Christian/moral conservatives, and the military rah-rah types.
Problem still is that none of them can truly agree on things like the Borg-like Dems seem to always be able to.
Seeing as I am forced to choose, I would much rather have a group that is somewhat ineffective (like we have now) than the Borg-like Dems ramming all manner of f'ed up shit through the legislative process and into law.
Because we know that's what they will do.
What I think is that if the US is made (or allowed) to crash, the people will still be saddled with the debt.
If the choice is everyone plunging into a generations long depression, or maintaining the status quo, almost everyone will go with maintaining the status quo.
No one wants to be seen as the guy who allowed it to crash by not doing something that could have prevented it.
Like Nixon closing the gold window.
He did what he had to do to give the nation a chance to go on.
Had he allowed us to simply ride the Breton Woods Agreement into the ground, we'd prolly still be in a depression to this day.
Certainly would not have the standard of living most everyone in America has today.
Is it perfect? Heck no.
.....but it's a far sight better than it'd be had he not done what he did.