lets have a rational discussion about us debt, page-11

Hi KG,

I think that short term Treasury Bonds maturing this year are the 'short term debt' the paper's author speaks of.

Obviously the interest you've calculated is included in the due debt itself.

The premise seems to be that the Treasury is now writing/issuing more and more short term Bonds so as to pay off the terminating bonds (+ interest due on them).

So the amount of bonds issued just continually grows. Unfortunately for the USA the willingness of other countries and overseas investors to purchase the new issues is not increasing - in fact it is at best static, but in several cases actually declining.

And so the difference is being covertly picked up by the Fed, which has the ability to create US$ (more properly known as Federal Reserve Notes). In doing this, two things must become obvious -

1. The US$ is becoming more in quantity/less in value (ie. it's being devalued), and -

2. The United States of America is becoming more and more indebted to the Federal Reserve, a private organisation which has no more affiliation with US Government/American people than does Federal Express!

I'm sure you're aware that what's happening with the Fed and successive US administrations has been my passionate interest for several years now.

Unfortunately, whilst I read some many good articles (as well as a few trashy/shallow ones)about what's happening, I don't bookmark them nor remember the titles nor authors of them.

I think though, if you were to google the topic and if you were prepared to spend the time required to read through quite a few of the articles brought up by your search, you may get a deeper/broader view on the matter.

fwiw

dub