@oralloy,
Quote:I doubt that. Lots of investors like the security of treasury bonds.
Care to name those investors?
Here's the stats below.
Who is buying US debt?
Public and government accounts
As of December 31, 2018, debt held by the public was $16.1 trillion and intragovernmental holdings were $5.87 trillion, for a total of $21.97 trillion. Debt held by the public was approximately 77% of GDP in 2017, ranked 43rd highest out of 207 countries.
"Held by the public" doesn't mean the govt is footing the bill.
Ponzi schemes are where investors are buying assets they've already paid for.