Tax collections and borrowing is used to pay interest on the debt. Same as ever.
It’s not really the same. Since the early 80s we were able to increase overall debt with decreasing interest rates keeping the payments relatively stable. Now that 30 year bonds are 1.4% theres not much pavement left on this road. What’s next? Negative rates? Certainly not same as...
Adding $3.3T this year, who’s going to continue buying this much paper year after year. Suspect the Federal Reserve becomes the buyer of last resort much like the BOJ.
New dollars issued at zero interest are paying off old dollars that carried interest. Trump knows exactly what he is doing.