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irishcoffeeyesterday at 6:11 PM2 repliesview on HN

If the US paid $8B towards it debt every _day_ it would take over thirteen _years_ (completely ignoring interest accumulation, which isn't realistic) to pay off $38T in debt.

I don't see how this is huge in context, it is indeed symbolic.

Please don't get me wrong here, I am neither advocating the selling or not selling of US bonds. This specific sale just isn't statically significant in a vacuum. If this precipitates a snowball effect of bond-selling, completely different story.


Replies

wrsyesterday at 6:16 PM

Regarding your last sentence, this isn't happening in a vacuum, and rejecting the risk-free assumption behind US debt seems like a symbol with a lot of information content.

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blitzaryesterday at 10:57 PM

> If the US paid $8B towards it debt every _day_

The US currently borrows an additional $9.5B every _day_ to fund itself.

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