[justlurking]

So when all of those treasury notes come due were is the money coming from?

They are already "due" -- Social Security started redeeming them a few years ago.

But, you almost answered your question:

Well, the answer is simple. Taxes.

If we were running a budget surplus, it would be "taxes". But, since we are still running a budget deficit -- in excess of the amount being redeemed by Social Security, it's effectively from new US Treasury Bonds being sold at auction, and purchased by individual and corporate investors.

[FreedomNotSafety]

I said when they are ALL due. That’s is when the full weight of it hits.

Sorry, no dice on saying borrowing is not a tax. Borrowing is repaid via taxes or a slow write off via inflation or a debasing of the currency. Doesn’t matter it’s all taxes which is the government taking wealth.

But you have described a Ponzi scheme.