I think people are more panicked that interest rates on US bonds have increased 3.5-4.5% in the last five years. Since our debt is $40 trillion that works out close to $2 trillion which is half of the annual tax revenue for the US each year. For example, if you made 100k a year imagine that in just the last five years the interest payments on your debt had increased by 50k a year. We are now selling two year bonds and using the money made from those sales to buy 30 year bonds. That is the same thing as using a credit card to pay your car loan.
Well,here's the deal, Commies won't fix it. The two Canadians here screaming means nothing. Canada has massive problems of its own that are going to get worse.