Currently the government must borrow almost half of its operating revenue and over half of this borrowed money now is printed out of "thin air" by the Fed since the market for our bonds isn't like it used to be. So the Fed is now the one loaning the most money to the treasury. Something that would have been unheard of only a few short years ago.
Meanwhile the cost of running the government is rising exponentially. It's fate is sealed IMO, and it's just a matter of time now before a collapse occurs unless we can figure some other way out of this mess we're in.
Understood. I’ve heard it said its amazing anyone would loan them one thin dime. And if it’s running half on Monopoly money already, it may not have long for this world........