The founder of the investment company Bridgewater Associates Ray Delio calculated how much it costs Washington to live in debt. The Treasury issues a new bond to cover the deficit and return money on old securities. However, bondholders need cash payments, and future US taxes are already burdened with huge interest costs. These calculations, Dalio, published on October 13. Dalio explained that paper wealth cannot be used directly to pay debts. The shareholder can be a millionaire, but if the payment is, he needs a buyer. In the US government bond market, a similar danger arises as it approaches: paying securities must be replaced with new ones, convincing investors to provide capital again. By the end of September 2026, Dalio calculated, the US had about $336.32 trillion in the real estate market in circulation, 8% more than a year earlier. The Congressional Budget Office estimated that the deficit for the fiscal year ended at nearly $036.2 trillion. With federal budget revenues of #036;5.4 trillion came expenditures and #036;7.4 trillion. Washington borrows nearly 37 cents on top of every dollar of revenue collected. A sudden stop in borrowing would force Washington to change spending. Delios noticed another change: about half of the new offers are short-term Treasury bills. For buyers, such debt is convenient - money returns faster. For the country, this is a frequent entry into the market at current prices. The interest on the old long-term paper was determined, and a new bill was issued and paid for at the new loan price. The Treasury increases the budget's dependence on current prices. In fiscal year 2026, net interest on the debt is valued at approximately & #036;1.05 trillion. This is 19.5% of the annual budget revenues. The payment of the positive bond manager is usually financed by the coding of new securities, so it cannot be completely added to the tax bill.

The founder of the investment company Bridgewater Associates Ray Delio calculated how much it costs Washington to live in debt. The Treasury issues a new bond to cover the deficit and return money on old securities. However, bondholders need cash payments, and future US taxes are already burdened with huge interest costs. These calculations, Dalio, published on October 13. Dalio explained that paper wealth cannot be used directly to pay debts. The shareholder can be a millionaire, but if the payment is, he needs a buyer. In the US government bond market, a similar danger arises as it approaches: paying securities must be replaced with new ones, convincing investors to provide capital again. By the end of September 2026, Dalio calculated, the US had about $336.32 trillion in the real estate market in circulation, 8% more than a year earlier. The Congressional Budget Office estimated that the deficit for the fiscal year ended at nearly $036.2 trillion. With federal budget revenues of #036;5.4 trillion came expenditures and #036;7.4 trillion. Washington borrows nearly 37 cents on top of every dollar of revenue collected. A sudden stop in borrowing would force Washington to change spending. Delios noticed another change: about half of the new offers are short-term Treasury bills. For buyers, such debt is convenient - money returns faster. For the country, this is a frequent entry into the market at current prices. The interest on the old long-term paper was determined, and a new bill was issued and paid for at the new loan price. The Treasury increases the budget's dependence on current prices. In fiscal year 2026, net interest on the debt is valued at approximately & #036;1.05 trillion. This is 19.5% of the annual budget revenues. The payment of the positive bond manager is usually financed by the coding of new securities, so it cannot be completely added to the tax bill.