Actually people pretty much do have to buy the bonds else the price of money would fall to 0% interest, the treasury has to borrow what it spends but does not tax, to drain the reserves created when it spends. - Not borrow what it does not tax in order to spend.. Convoluted little world we live in.
Actually Obama voted against raising the debt ceiling in 2006 (lol) to try and block the republican party.. Tragic really, it shows how pathetic politics can be when the 'leaders' are quibbling over essentially a non-issue whilst they (willingly) let their country crumble.
