August 20

6:46 AM "As bonds yield higher". Out of 39 trillion (should be 40 by now) debt, "only" about 32 is "publicly held marketable debt". At current yields the interest rates for the 32 trillion debt cannot be one trillion as shown in the 7 trillion US Federal Spending budget which would mean an average rate of 1/32=3.1%. Not talking about the principals (buy back at maturity).

Those money ought to come from somewhere and coincidentally there is almost one trillion missing at Medicare.