– Excuse me, would you like to buy a little bit of bonds from us? We’re just funding two wars right now and we need a little liquidity. You don’t have to worry about them getting cheaper, we’re turning everything back and forth with the help of our military.

Janet Julius is faced with a situation where she has $8 trillion in debt with a 12 month maturity that needs to be rolled over and refinanced at new, higher rates.

Ah, yes…. And another thing. The new deficit is between $2 trillion and $3 trillion. And so all of this needs new buyers.

It’s just where are you going to physically get that amount of money?  No one has that kind of free money.

@trejeris