chadlupkes on Nostr: Worthy discussion, and you make some good points. However, I will submit the reality ...

Worthy discussion, and you make some good points. However, I will submit the reality that bitbonds still pay an interest rate. The proposed rate is much lower than current Treasury bonds at 1%, but it still leads to the expansion of the circulating currency, so while it might reduce inflation down to the stated goal of 2% or maybe even lower, that target rate still INCREASES the amount of debt, it doesn't decrease it. If the goal is to reduce the size of the US Federal Government, increasing the total debt is not going to do that. We need to combine it with other action that doesn't just reduce the rate of the increase, but actually decreases the amount of debt on the books.
The only real path forward is by balancing the budget so new bonds are not needed, in any form. We can cut spending all day long, but until the deficit is zero or the budget surplus is back, it's not going to have the impact we want to see.
I do see bitbonds as a fantastic innovation, and I would encourage their use for states, municipalities and corporations. But having the US Treasury use them would not actually solve the problem, at least not as far as i can see.