As long as the bid-to-cover is ok there's no reason to believe that the demand is not there to soak up the supply. When it's not...we shall.
Tax receipts collapsing ? Just wait until the first bond auction failure.... And remember this.... Just about everyone who reads the news knows that the other countries do not have the money either.... Thus where is it going to come from ? Someone's printing press.... Could be an American printing press or non-American.... Let the well coordinated fiat wars begin !!!!!! Who needs to downsize and live within their means ? When there is a printing press available ? There will always be PLENTY OF MONEY !!!!!! The reason for international cooperation becomes clear....eh ?
Wrong. The scam has run out. That is why the top elites are moving out of the USA, they already know this. Now you just have to admit it to yourself. Or buy and hold your 401k and I wish you all the luck in the world, you'll need it.
Looks like ants are smarter than the government. Ants save up during the summer for winter. Govmt spends and spends, and then spends trillions more. And then, bail out idiots to spend even more.
The problem is not that government isn't "smart"... they are. The problem is that they are SELF-SERVING, GREEDY, LYING, THIEVING BASTARDS... and the "average American" is so politically and financially naive, politicians' feet are never held to the fire.
But wait-- we have LOWER tax rates than the 90s, and cutting taxes is supposed to raise revenues. What happened supply siders?