August 21, 2026

Washington’s Credit Card

When the bond market brings the bill, Washington keeps ordering.

Editorial cartoon showing Donald Trump and Democratic and Republican political leaders at an extravagant banquet as a waiter labeled Bond Market presents a $40 trillion U.S. national debt bill. Trump says, Put it on our tab. The waiter replies, That IS your tab. A board behind them shows the 30-year Treasury yield at 5.3%.