--- title: "Meaning & Key Takeaway of: The U.S. Treasury has got borrowing costs…" description: "\"The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. T..." image: "https://sms4smile.com/quotes/i/816/howard-warren-buffett-16158_amount_the-u-s-treasury-has-got-borrowing-costs_1876729.jpg" --- # The U.S. Treasury has got borrowing costs like nobody else… ![“The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time.” quote by Howard Warren Buffett](https://sms4smile.com/quotes/i/816/howard-warren-buffett-16158_amount_the-u-s-treasury-has-got-borrowing-costs_1876729.jpg) [Download](https://sms4smile.com/quotes/i/816/howard-warren-buffett-16158_amount_the-u-s-treasury-has-got-borrowing-costs_1876729.jpg) [Open image](https://sms4smile.com/quotes/i/816/howard-warren-buffett-16158_amount_the-u-s-treasury-has-got-borrowing-costs_1876729.jpg) > “The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time.” [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The U.S. Treasury can borrow at very low cost and hold debt indefinitely, making its securities increasingly valuable over time. **In simple terms:** Treasury can borrow cheap and keep debt long term, raising asset value. Key Takeaway Leverage low borrowing costs for long‑term investments. Themes finance government debt investment policy Mood cautious analytical strategic Type financial economic When to use this quote - budget planning - bond portfolio management - inflation protection - long‑term asset allocation Key Concepts monetary policy fiscal sustainability inflation hedging Questions to Reflect On - How can investors protect against rising rates? - What strategies mitigate long‑term debt risk? A Different Perspective Reliance on low rates may falter if market conditions change. ★ ★ ★ ★ ★ No ratings yet [Amount](https://sms4smile.com/quotes/about/amount/) [Assets](https://sms4smile.com/quotes/about/assets/) [Assets Worth](https://sms4smile.com/quotes/about/assets-worth-2625546/) [Borrowing](https://sms4smile.com/quotes/about/borrowing/) [Borrowing Costs](https://sms4smile.com/quotes/about/borrowing-costs-2625545/) [Cost](https://sms4smile.com/quotes/about/cost/) [Customer](https://sms4smile.com/quotes/about/customer/) [More money](https://sms4smile.com/quotes/about/more-money/) [Treasury](https://sms4smile.com/quotes/about/treasury/) [Unlimited](https://sms4smile.com/quotes/about/unlimited/) [Years](https://sms4smile.com/quotes/about/years/) [Years and years](https://sms4smile.com/quotes/about/years-and-years/) [Years Assets](https://sms4smile.com/quotes/about/years-assets-2625544/) ## Related quotes > [The U.S. Treasury has got borrowing costs like nobody else has.](https://sms4smile.com/quotes/warren-buffett/the-u-s-treasury-has-got-borrowing-costs-like-nobody-else-has/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [As long as we keep our fundamentals strong...the dollar (and) U.S. borrowing costs will do just fine.](https://sms4smile.com/quotes/lawrence-summers/as-long-as-we-keep-our-fundamentals-strong-the-dollar-and-u-s/) [Lawrence Summers](https://sms4smile.com/quotes/author/lawrence-summers/) > [ \[The U.S. Treasury\] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over… ](https://sms4smile.com/quotes/warren-buffett/the-u-s-treasury-can-borrow-basically-unlimited-amounts-they-can-stay/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Obviously Wennerström himself was by no means poor. She calculated the real assets to be worth between 90 and 100 billion kronor, which was…](https://sms4smile.com/quotes/stieg-larsson/obviously-wennerstr-m-himself-was-by-no-means-poor-she-calculated-the/) [Stieg Larsson](https://sms4smile.com/quotes/author/stieg-larsson/) > [We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we…](https://sms4smile.com/quotes/warren-buffett/we-need-to-throw-the-resources-at-this-that-are-necessary-but-like-i/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.](https://sms4smile.com/quotes/anonymous/total-borrowing-has-imploded-private-borrowing-has-collapsed-and-in/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking…](https://sms4smile.com/quotes/michael-hudson/debtor-countries-may-postpone-the-inevitable-by-borrowing-from-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Confidence is key. You're not going to leave your money with me unless you're confident I'm going to give it back to you. And…](https://sms4smile.com/quotes/howard-warren-buffett/confidence-is-key-you-re-not-going-to-leave-your-money-with-me-unless/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond…](https://sms4smile.com/quotes/howard-warren-buffett/somebody-s-buying-these-treasury-bills-at-1-20th-of-one-percent-i-2/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond…](https://sms4smile.com/quotes/howard-warren-buffett/somebody-s-buying-these-treasury-bills-at-1-20th-of-one-percent-i/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [It’s always going to be easy to live like others or other’s life, because creating or innovating something of own is always difficult in…](https://sms4smile.com/quotes/anuj/it-s-always-going-to-be-easy-to-live-like-others-or-other-s-life/) [Anuj](https://sms4smile.com/quotes/author/anuj/) > [Perhaps art criticism cannot be reformed in a logical sense because it was never well-formed in the first place. Art criticism has long been…](https://sms4smile.com/quotes/james-elkins/perhaps-art-criticism-cannot-be-reformed-in-a-logical-sense-because/) [James Elkins](https://sms4smile.com/quotes/author/james-elkins/) > [By taking out a loan, I am committing myself to years of interest repayments, and therefore to years of wage slavery. And the UK…](https://sms4smile.com/quotes/tom-hodgkinson/by-taking-out-a-loan-i-am-committing-myself-to-years-of-interest/) [Tom Hodgkinson](https://sms4smile.com/quotes/author/tom-hodgkinson/) > [ When the fountains of government \[borrowing\] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the… ](https://sms4smile.com/quotes/john-t-flynn/when-the-fountains-of-government-borrowing-abundance-began-to-dry-up/) [John T. Flynn](https://sms4smile.com/quotes/author/john-t-flynn/) > [I would borrow money all day long, if the cost of borrowing is less than the expected return.](https://sms4smile.com/quotes/brad-schneider/i-would-borrow-money-all-day-long-if-the-cost-of-borrowing-is-less/) [Brad Schneider](https://sms4smile.com/quotes/author/brad-schneider/) ## More by Howard Warren Buffett > [Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond…](https://sms4smile.com/quotes/howard-warren-buffett/somebody-s-buying-these-treasury-bills-at-1-20th-of-one-percent-i/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich. If…](https://sms4smile.com/quotes/howard-warren-buffett/if-you-owe-money-you-can-t-pay-them-out-you-just-pay-for-everything/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [There are more living organisms in a tablespoon of highly organic soil than there are people on the planet.](https://sms4smile.com/quotes/howard-warren-buffett/there-are-more-living-organisms-in-a-tablespoon-of-highly-organic/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [You get in a lot of trouble when you start putting fictitious numbers on value. I think to just say, we're going to say…](https://sms4smile.com/quotes/howard-warren-buffett/you-get-in-a-lot-of-trouble-when-you-start-putting-fictitious-numbers/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy…](https://sms4smile.com/quotes/howard-warren-buffett/if-you-really-think-that-houses-prices-are-going-to-go-up-next-year/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at…](https://sms4smile.com/quotes/howard-warren-buffett/people-love-leverage-when-it-s-working-i-mean-it-s-so-easy-to-borrow/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [I've spent so much time with my dad traveling and seeing the ground-level change that we've been able to make through philanthropy and trip…](https://sms4smile.com/quotes/howard-warren-buffett/i-ve-spent-so-much-time-with-my-dad-traveling-and-seeing-the-ground/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in…](https://sms4smile.com/quotes/howard-warren-buffett/the-ingredients-that-made-this-country-you-know-the-miracle-of-the/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [I mean, the job is Pearl Harbor. And you better not spends weeks and weeks and weeks trying to assign blame or deciding on…](https://sms4smile.com/quotes/howard-warren-buffett/i-mean-the-job-is-pearl-harbor-and-you-better-not-spends-weeks-and/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [I mean people -- people don't get -- they don't get smarter about things that get as basic as greed and you can't stand…](https://sms4smile.com/quotes/howard-warren-buffett/i-mean-people-people-don-t-get-they-don-t-get-smarter-about-things/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond…](https://sms4smile.com/quotes/howard-warren-buffett/somebody-s-buying-these-treasury-bills-at-1-20th-of-one-percent-i-2/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [As long as you have markets, you'll have excesses. People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they…](https://sms4smile.com/quotes/howard-warren-buffett/as-long-as-you-have-markets-you-ll-have-excesses-people-went-crazy/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [We had the great depression, we had two world wars, we had the flu epidemic. We had oil shock. We had all these terrible…](https://sms4smile.com/quotes/howard-warren-buffett/we-had-the-great-depression-we-had-two-world-wars-we-had-the-flu/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [Any time I can be of help to the government in terms of giving advice -I've given a little advice, actually.](https://sms4smile.com/quotes/howard-warren-buffett/any-time-i-can-be-of-help-to-the-government-in-terms-of-giving-advice/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [When I was 5, my father was very much my hero. And he ran for political office in a very thankless campaign for a…](https://sms4smile.com/quotes/howard-warren-buffett/when-i-was-5-my-father-was-very-much-my-hero-and-he-ran-for-political/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) [Explore all 40 Howard Warren Buffett quotes ](https://sms4smile.com/quotes/author/howard-warren-buffett/) ## More Amount quotes > [Dating someone on the opposite end of the happy spectrum teaches you an incredible amount of patience.](https://sms4smile.com/quotes/chris-pine/dating-someone-on-the-opposite-end-of-the-happy-spectrum-teaches-you/) [Chris Pine](https://sms4smile.com/quotes/author/chris-pine/) > [When the amount of change externally exceeds the amount of change internally, the end is in sight.](https://sms4smile.com/quotes/jack-welch/when-the-amount-of-change-externally-exceeds-the-amount-of-change/) [Jack Welch](https://sms4smile.com/quotes/author/jack-welch/) > [A human being can only absorb a small amount of the mystical kundalini, you can be exposed again and again to it, but it…](https://sms4smile.com/quotes/frederick-lenz/a-human-being-can-only-absorb-a-small-amount-of-the-mystical/) [Frederick Lenz](https://sms4smile.com/quotes/author/frederick-lenz/) > [It's a great story for us whenever an entrepreneur makes a crazy amount of money and we get to tell the world about it.…](https://sms4smile.com/quotes/sarah-lacy/it-s-a-great-story-for-us-whenever-an-entrepreneur-makes-a-crazy/) [Sarah Lacy](https://sms4smile.com/quotes/author/sarah-lacy/) > [It's a challenge to work a character's arc into a format in which you only have a very limited amount of time to grow…](https://sms4smile.com/quotes/ginnifer-goodwin/it-s-a-challenge-to-work-a-character-s-arc-into-a-format-in-which-you/) [Ginnifer Goodwin](https://sms4smile.com/quotes/author/ginnifer-goodwin/) > [The amount of things you can do with a kettlebell is unsurpassed by any other training equipment - dumbbells, resistance machines, free weights.](https://sms4smile.com/quotes/laird-hamilton/the-amount-of-things-you-can-do-with-a-kettlebell-is-unsurpassed-by/) [Laird Hamilton](https://sms4smile.com/quotes/author/laird-hamilton/) > [The amount you give isn't important. What matters is what that amount represents in terms of your life.](https://sms4smile.com/quotes/jim-rohn/the-amount-you-give-isn-t-important-what-matters-is-what-that-amount/) [Jim Rohn](https://sms4smile.com/quotes/author/jim-rohn/) > [There's a place in Botswana where there are 100,000 elephants living in a single population. Think of the amount of space they need. Remember,…](https://sms4smile.com/quotes/patrick-bergin/there-s-a-place-in-botswana-where-there-are-100-000-elephants-living/) [Patrick Bergin](https://sms4smile.com/quotes/author/patrick-bergin/) > [How could you justify giving Holland twice the amount of money that you gave Belgium? Well, finally, I put it up to them. They…](https://sms4smile.com/quotes/w-averell-harriman/how-could-you-justify-giving-holland-twice-the-amount-of-money-that/) [W. Averell Harriman](https://sms4smile.com/quotes/author/w-averell-harriman/) > [I am not a great believer in dialectical struggle. I am much more of a fusion person. I see it as a dialogue, or…](https://sms4smile.com/quotes/marina-warner/i-am-not-a-great-believer-in-dialectical-struggle-i-am-much-more-of-a/) [Marina Warner](https://sms4smile.com/quotes/author/marina-warner/) > [The risk of developing carcinoma of the lung increases steadily as the amount smoked increases. If the risk among non-smokers is taken as unity…](https://sms4smile.com/quotes/richard-doll/the-risk-of-developing-carcinoma-of-the-lung-increases-steadily-as/) [Richard Doll](https://sms4smile.com/quotes/author/richard-doll/) > [Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an…](https://sms4smile.com/quotes/f-a-harper/both-fact-and-logic-seem-to-me-to-support-the-view-that-savings/) [F. A. Harper](https://sms4smile.com/quotes/author/f-a-harper/) > [You have a little bit of talent, a certain amount of good fortune and a lot of hard work in pursuit of whatever truth…](https://sms4smile.com/quotes/donald-sutherland/you-have-a-little-bit-of-talent-a-certain-amount-of-good-fortune-and/) [Donald Sutherland](https://sms4smile.com/quotes/author/donald-sutherland/) > [I have a tremendous amount of respect for military families. To have to worry about your loved ones and still try and live a…](https://sms4smile.com/quotes/ashanti/i-have-a-tremendous-amount-of-respect-for-military-families-to-have/) [Ashanti](https://sms4smile.com/quotes/author/ashanti/) > [In sports teams, apart from talk of sporting prowess and the imparting of inspirational thought, an extraordinary amount of time is spent discussing, and…](https://sms4smile.com/quotes/harsha-bhogle/in-sports-teams-apart-from-talk-of-sporting-prowess-and-the-imparting/) [Harsha Bhogle](https://sms4smile.com/quotes/author/harsha-bhogle/) [Browse all 4,202 Amount quotes ](https://sms4smile.com/quotes/about/amount/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time.", "creator": { "@type": "Person", "name": "Howard Warren Buffett" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/howard-warren-buffett/the-u-s-treasury-has-got-borrowing-costs-like-nobody-else-has-they/", "about": { "@type": "Thing", "name": "Amount" }, "@id": "https://sms4smile.com/quotes/howard-warren-buffett/the-u-s-treasury-has-got-borrowing-costs-like-nobody-else-has-they/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/816/howard-warren-buffett-16158_amount_the-u-s-treasury-has-got-borrowing-costs_1876729.jpg", "contentUrl": "https://sms4smile.com/quotes/i/816/howard-warren-buffett-16158_amount_the-u-s-treasury-has-got-borrowing-costs_1876729.jpg", "url": "https://sms4smile.com/quotes/i/816/howard-warren-buffett-16158_amount_the-u-s-treasury-has-got-borrowing-costs_1876729.jpg", "width": 1080, "height": 1080, "caption": "“The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts…” — Howard Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Howard Warren Buffett", "item": "https://sms4smile.com/quotes/author/howard-warren-buffett/" }, { "@type": "ListItem", "position": 4, "name": "The U.S. Treasury has got borrowing...", "item": "https://sms4smile.com/quotes/howard-warren-buffett/the-u-s-treasury-has-got-borrowing-costs-like-nobody-else-has-they/" } ], "@id": "https://sms4smile.com/quotes/howard-warren-buffett/the-u-s-treasury-has-got-borrowing-costs-like-nobody-else-has-they/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```