Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt.
And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together.
Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year?
That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy.
It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt.
And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together.
Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year?
That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy.
It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion.
How much debt was refinanced in the past 12 months? If it's so impossible to move US securities, why did the 10-year Treasury yield close at 3.28% on Wednesday, down from 3.59% a month earlier?
It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt.
And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together.
Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year?
That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy.
Don't worry. Bammer will make it a certainty with "universal health care" and deliver the last nails in the coffin for his master, George Soros.
The country has gone insane. Now is the time to dramatically cut spending, not go on a drunken spending binge. Liberals, please do not say, "But what about Bush!" He was a drunken liberal also and his behavior should not excuse the behavior of anyone else. Two wrongs do not make a right, and in this instance, make financial insolvency.
it's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the u.s. Treasury will have to refinance $2 trillion in short-term debt.
And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together.
Then ask yourself, how in the world can the treasury borrow $3.5 trillion in only one year?
That's an amount equal to nearly 30% of our entire gdp. And we're the world's biggest economy.
Where will the money come from?
porter stansberry - the bankruptcy of the united states is now certain (http://www.thedailycrux.com/content/3455/porter_stansberry/eml - broken link)
Don't worry. Bammer will make it a certainty with "universal health care" and deliver the last nails in the coffin for his master, George Soros.
The country has gone insane. Now is the time to dramatically cut spending, not go on a drunken spending binge. Liberals, please do not say, "But what about Bush!" He was a drunken liberal also and his behavior should not excuse the behavior of anyone else. Two wrongs do not make a right, and in this instance, make financial insolvency.
The Marxists need the US to be insolvent in order to impose their agenda. This is Obama's goal.
Though it tapered off a little over his final two years, federal spending during the administration of Ronald Reagan ran up and down between 22% and 24% of GDP. In FY 2009 with a stalled GDP and stimulus spending needed to combat the global economic crisis, Obama spent 24.7% of GDP. I wonder how much Marx would have spent...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
