U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 07-14-2010, 10:41 PM
 
Location: South Jordan, Utah
7,866 posts, read 8,494,485 times
Reputation: 3434

Advertisements

June Deficit Fails To Account For $142 Billion In Excess June Borrowings; U.S. Has Issued $1.5 Trillion Excess Debt Over Budget In Past 4 Years | zero hedge


“June Deficit Fails To Account For $142 Billion In Excess June Borrowings; U.S. Has Issued $1.5 Trillion Excess Debt Over Budget In Past 4 Years

As we reported earlier, the June US budget deficit came in around as expected, at $68.4 billion. Yet an interesting observation that we have touched upon previously, is that over the same period, the US borrowed a whopping total of $210.9 billion. Once again, as has been the case over the past four years, the US borrowed far more in any deficit month, then it needed simply to close the deficit. Case in point, the June differential was $142.5 billion more borrowed than "needed", the YTD (fiscal) differential is $290 billion, and the cumulative differential since the beginning of the 2007 Fiscal year (October 2006), is a whopping $1.5 trillion. Over the past 3 years and 9 months, the US has accumulated an incremental $4.7 trillion in new debt, even as the budget deficit has grown by "only" $3.2 trillion. One wonders just what the reason for this differentialis, which amounts to half the cumulative budget deficit over the same time period? The cumulative data, as well as the stunning differential between the two time series is presented on the attached chart.”
Rate this post positively Quick reply to this message

 
Old 07-15-2010, 07:23 PM
 
Location: South Jordan, Utah
7,866 posts, read 8,494,485 times
Reputation: 3434
No one has a theory why we are borrowing more than we need?
Rate this post positively Quick reply to this message
 
Old 07-15-2010, 09:28 PM
 
Location: Great State of Texas
86,052 posts, read 80,709,133 times
Reputation: 27699
Maybe they're hoarding for some future reason ?
Maybe they know that future Treasury sales won't bring in what we need ?
Maybe they're sending $$$ to the IMF to prop up Europe ?

Who really knows..there's so much "out there" where money could be going.
Rate this post positively Quick reply to this message
 
Old 07-15-2010, 09:40 PM
 
Location: Texas
5,872 posts, read 7,693,115 times
Reputation: 2968
How do you think we're paying for Iraq & Afghanistan???
Rate this post positively Quick reply to this message
 
Old 07-16-2010, 09:19 AM
 
Location: South Jordan, Utah
7,866 posts, read 8,494,485 times
Reputation: 3434
I think you are on the right track Texan with your first two points but I still wonder, where is the money being held?
Rate this post positively Quick reply to this message
 
Old 07-16-2010, 10:37 AM
 
Location: Sinking in the Great Salt Lake
13,144 posts, read 21,638,781 times
Reputation: 14085
It's expensive to run Area 51.
Rate this post positively Quick reply to this message
 
Old 07-16-2010, 11:22 AM
 
20,379 posts, read 18,235,417 times
Reputation: 8022
Quote:
Originally Posted by hilgi View Post
No one has a theory why we are borrowing more than we need?

Hi hilgi,

Guberment debt is money. The guberment does not borrow until it the Fed sells bonds. Since we are teetering on a depressed currency, they are not doing that.
Rate this post positively Quick reply to this message
 
Old 07-16-2010, 11:41 AM
 
Location: Planet Eaarth
8,954 posts, read 19,716,919 times
Reputation: 7193
Quote:
Originally Posted by hilgi View Post
No one has a theory why we are borrowing more than we need?
More than we need? Nope, all forget about all the "off the books" operations that the Gov't is engaged in.
Rate this post positively Quick reply to this message
 
Old 07-16-2010, 02:30 PM
 
Location: South Jordan, Utah
7,866 posts, read 8,494,485 times
Reputation: 3434
Quote:
Originally Posted by gwynedd1 View Post
Hi hilgi,

Guberment debt is money. The guberment does not borrow until it the Fed sells bonds. Since we are teetering on a depressed currency, they are not doing that.
I think that is what they are doing, selling more bonds than they need. I am in the camp that thinks as worldwide assets collapse and most world debt is in dollars, we will see the dollar increase as people scramble to get dollars to pay down debt.

Quote:
Originally Posted by Tightwad View Post
More than we need? Nope, all forget about all the "off the books" operations that the Gov't is engaged in.
$1.5 T is a lot of off the book.
Rate this post positively Quick reply to this message
 
Old 07-16-2010, 06:25 PM
 
Location: Great State of Texas
86,052 posts, read 80,709,133 times
Reputation: 27699
Quote:
Originally Posted by hilgi View Post
I think you are on the right track Texan with your first two points but I still wonder, where is the money being held?
LOL..why the Fed of course. They CANNOT be audited !!!
They cannot be forced to show any of their off balance sheet transactions.
Rate this post positively Quick reply to this message
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 update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top