I think from a simple standpoint, no citations are needed: Fact #1) The U.S. borrows a bunch-o-money, therefore there exists a bunch of money available to lend

I think from a simple standpoint, no citations are needed: Fact #1) The U.S. borrows a bunch-o-money, therefore there exists a bunch of money available to lend. Fact #2) Owners of that money would prefer a higher yield, but there does not exist enough alternative assets to put such a hugh amount of money, e.g. look at gold and oil price curves. Real estate is an option for some but it's messy and illiquid. Fact #3) There currently exists no viable plan for the U.S. to reduce their unfunded liabilities, so what exactly are the owners of this money putting their trust in?