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Posted on 09/10/2026 2:54:00 PM PDT by GrootheWanderer
Treasury Secretary Scott Bessent must be feeling chafed. Last month, amid rapidly rising interest rates on federal debt, he announced that his department would double its typical longer-term bond buybacks, from $2 billion to $4 billion. The idea was that, by boosting demand for Treasuries, yields might come down and the government would be able to borrow additional money at lower cost.
And yields did come down a little bit — for about a day. Then they shot right back up to where they began.
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The Dominos, began weeks ago with Japan. Exempt Ones, living high above prices.
Millstones on The We the People by the Government Debt Enslavement Cult
I stopped reading when I got to National Review.
You can stop reading at “National Review”.
L
The gay Soros guy. Shocked.
I like the guy. He’s confident just like the POTUS. I dunno bout’ today. I’m $13k poorer in the last 2 days.
And Trump had no problem signing The Big (Un)-Beautiful Bill
Boasted about it last night
While We the People, are left with the widow’s mite, in the face of staggering prices, in the face of The Government Debt Enslavement Exempt Cult.
Brokeback Bessent
Yeah - it’s a blip. 2b to 6b? Nearly a rounding error in terms of total debt.
So long as that big 40 trillion exists? You really aren’t going to move yields/costs much.
I have zero doubts Scott is smarter than me - lord knows he’s made more money. But I worry he can’t scale.
He cut his teeth with George Soros in 1992 - basically, ‘breaking’ the British pound in the infamous gambit... but that was a 10 billion dollar short bet that worked out handsomely for Quantum/Soros. It certainly hurt Britain in the near-term and there were definitely some knock-on effects globally.
However, that was a confluence of events that simply allowed for a high-risk, but ultimately lucrative, short option that made Soros/Quantum a ridiculous amount of money. It was still high-risk - if it hadn’t panned out? Nobody would know the name “George Soros” because he’d be sweeping floors or something.
Managing sovereign debt is simply a different animal and trying to make money off of it.
National Review is crap. Moving on.
Once-was.
National Review — How did this magazine become so risible? Just awful across the board.
Guess you’ll be rooting for gubmint by demonrat, huh Nabob?
Better Bloat then
It might be the hated National Review, but the story they’re reporting is essentially correct.
The administration gets serious?
What was DOGE? What was killing USAID? What has been the immigration enforcement?
This administration is the only one serious in 30 years.
I find it funny some social programs in AZ are showing surpluses for 2025. They still allocate but are not being spent. All are impacted by illegals regardless of the claim they are vetted for eligibility.
“Bessent is trying to cure a symptom, not the disease, which in deficit spending and soaring debt. Until the administration gets serious about cutting spending, not finding new ways to spend, the bond market will win.”
Promising every American a $5000 payment from the government is not a good start to cutting spending or the $40 trillion national debt.
The House has the “power of the purse”. Executive proposes spending only.
You are kidding, right? By the administration’s own numbers those cuts came to less than 1 percent of one year’s spending. Now, you might consider that a good start. But other budget items rose. Again, based on the administration’s own numbers, FY 2026 (Trump’s first budget) spending will be about $400 billion large than FY 2006 (Biden’s last budget).
“What was DOGE? What was killing USAID? What has been the immigration enforcement?”
DOGE and USAID were a drop in the bucket. DOGE ended. Many US AID programs survived and are now at the State Department. The 2026 federal budget. The federal government is now on target to spend $2 trillion more than it takes in revenue in 2026 versus 2025. This is up from the $1.79 trillion higher deficit in 2025 versus 2024. The numbers are not moving in the right direction. Plus Hegseth wants another $150 billion for the Iran War and to replace the munitions consumed to date in that war. Trump deserves no credit yet for fiscal responsibility.
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