America’s Borrowing Binge Just Hit a Wall Let me show you the bigger picture. For a quarter century, Washington could borrow money as if it had a blank checkbook—because it did. The bond markets barely flinched through wars, recessions, and tax cuts. But that era has ended. And the data is crystal clear: the yield on the 30-year Treasury has risen from 1.32% in May 2020 to nearly 5% in May 2025. This isn’t just a number. It’s a scream from the debt markets that they’re no longer buying the fantasy. The End of the Borrow-and-Bloat Era Zoom out and the pattern is unmistakable. For decades, deficit spending was met with low yields and eager lenders. Why? Because the world…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.
No credit card required.
