Bond Thieves
Feb 10, 2025
“That could be an interesting problem because it could be that a lot of those things don’t count,” he said. “Therefore, maybe we have less debt than we thought of.”
A lot of “what” things don't count?
If he means debt issued to pay for 'things' that DOGE somehow finds fraudulent, he's sort of implying that that debt will be cancelled.
Not great for bondholders as means a type of selective US default.
Via Bloomberg News reporting on Trump's comments on Sunday 9 Feb '25 on Air Force One
Trump Suggests Musk Effort at Treasury Found Irregularities