4 week treasury bills yields are at 0%

[opebo]

What I don't understand is why the Federal Reserve doesn't just buy up all these offerings.  But perhaps that is what is happening with the 4-week t-bills?  It is somewhat hard to believe that actual people are buying these.. maybe its just banks that do it for some esoteric reasons.

[opebo]

Obviously this is the time to radically cut spending, because deficits at these rates would just bankrupt the country.

We pay interest on the debt, not interest on the deficit.

That's a silly distinction, since deficits are what cause the debt.

I think shua believes that much of the debt is in some kind of older, higher-interest bearing securities.