Of course the federal government can buy back all outstanding treasuries it has issued, by issuing more of them Britain right now is cutting taxes by ... borrowing. See what that is doing the pound? Bait and switch only works if everyone plays along. Wall Street sure does because it gets its piece. Taxpayers will only "play along" so much longer. Jan 6th insanity was only a taste.
Look, U.S. and Japan are on polar opposites. Americans save nothing. Japanese save everything. *** The FED cannot buy back all the debt because the U.S. has no savings. The FED is buying some back now, but that is a problem too. 'nuf said.
FED is not buying back any. It is letting some expiring without rolling them back over into new paper.
I have been reading your posts for quite a while, and your severe admonition about how the national debt clock is not a real thing. I think it is time for you to write a paper (or book) on how the USG and FED does not have any actual debt. Term definitions, money tables... It is time, man.
You are wasting your time. This message board moves from fact to fiction and back again. "The U.S. does not borrow. That's just a myth. The U.S. has no real debt." There is NO SUPERVISION. Posters can write any kind of non-sense they can dream up. I think Lenin nailed it. He called them: "Useful Idiots" And the rest of us (with more than 2 brain cells) have to look at this gibberish. The U.S. Debt is as real as a heart attack. But the POLITICAL persuasions of these posters prevent reality from taking hold. So ... Garbage in, garbage out.
The question being if the US has debt, who holds the paper? What happens if they default on that debt? Who is left holding the bag?