U.S. Government Discovers Revolutionary Debt Strategy of Buying Its Own Debt
Treasury officials stunned to learn government can simply become customer of government
By Thurston P. Bootstrap IV, Senior Sovereign Debt Correspondent
WASHINGTON, D.C. — The United States government announced a major breakthrough in fiscal policy Thursday after Treasury officials discovered they could purchase U.S. government debt using U.S. government money.
The discovery occurred during a Treasury Department operation to buy back billions of dollars in older Treasury securities, a legitimate debt-management practice that officials nevertheless described as an exciting opportunity to finally cut out the middleman between the government and itself.
“For hundreds of years, governments have issued debt under the assumption that somebody else needed to buy it,” said one senior Treasury official while slowly drawing a circle on a whiteboard. “But then someone in the back asked, ‘What if we buy it?’”
The room reportedly fell silent.
“Obviously, our first question was: with whose money?” the official continued. “Then we realized we’re the United States government. We have U.S. government money.”
According to sources, Treasury employees spent several hours Thursday walking Treasury securities from one side of the building to the other, purchasing them, congratulating themselves on the transaction, and then returning to their desks to determine whether the government was now richer, poorer, or simply standing in a different part of the room.
The breakthrough came as the Treasury conducted a buyback of older government bonds, part of an established program designed to improve liquidity in the Treasury market.
Officials stressed that this explanation was extremely boring and therefore would not be discussed further.
Instead, Treasury Secretary Scott Bessent reportedly unveiled a new flowchart titled “THE INFINITE MONEY GLITCH,” consisting entirely of arrows pointing from a box labeled “U.S. GOVERNMENT” to another box labeled “ALSO U.S. GOVERNMENT.”
Economists immediately cautioned that Treasury buybacks do not actually eliminate the national debt through financial self-consumption.
Treasury officials thanked them for their input and asked them to leave.
“We owe money,” explained another official. “So we bought the thing saying we owe money. Now we own the thing saying we owe money. Therefore, as far as I can tell, we owe ourselves money.”
Asked whether owing yourself money still constitutes debt, the official stared silently into the middle distance for approximately 45 seconds.
“We’re going to circle back on that.”
The program has already inspired several ambitious proposals across Washington.
The Department of Transportation is reportedly considering buying several interstate highways from itself, while the Postal Service has begun mailing letters to itself and counting them as increased customer demand.
The Pentagon briefly proposed purchasing the Pentagon but abandoned the plan after discovering nobody could determine which Pentagon office currently owned the Pentagon.
Meanwhile, congressional leaders expressed cautious optimism that the discovery could finally provide a solution to the national debt.
“America owes approximately a shitload of money,” said one lawmaker familiar with federal accounting. “But America is also America. If we can arrange for America to owe all of that money exclusively to America, then everybody else can go home.”
Wall Street analysts emphasized that this is not remotely how sovereign debt works.
Markets rose anyway.
By Thursday afternoon, Treasury officials had reportedly completed another successful transaction after one employee walked into a conference room carrying a Treasury bond.
“Good afternoon,” he said.
“Good afternoon,” replied another Treasury employee.
“I understand you have Treasury securities for sale.”
“We do.”
“I represent the Treasury Department.”
“Excellent. Who would you like to sell them to?”
“The Treasury Department.”
The two men shook hands.
Witnesses described the negotiations as productive.
At press time, officials were reportedly investigating an even more revolutionary proposal in which the Treasury Department writes itself a check for $38 trillion, deposits it at the Treasury Department, and agrees never to ask where the $38 trillion came from.