« previous next »
Pages: [1] 2   Go Down

Author Topic: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit  (Read 4438 times)

0 Members and 1 Guest are viewing this topic.

Offline edpc

  • Hero Member
  • *****
  • Posts: 14,879
  • Gender: Male
  • Professional Misanthrope - Briefer and Boxer
U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit
« on: January 28, 2019, 02:49:03 pm »
(Bloomberg) -- The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict that this Wednesday’s quarterly refunding announcement will see the Treasury maintain note and bond sales at the record high levels they have boosted them to in recent months.

https://www.bloombergquint.com/politics/another-year-another-1-trillion-in-new-debt-for-u-s-to-raise#gs.Nfc2vyTB
« Last Edit: January 28, 2019, 03:53:54 pm by edpc »
Logged
I disagree.  Circle gets the square.

Offline BlueHammer

  • Hero Member
  • *****
  • Posts: 133
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #1 on: January 28, 2019, 03:03:44 pm »
well......that's just great
Logged

Offline XenaLee

  • Hero Member
  • *****
  • Posts: 15,398
  • Gender: Female
  • Si Vis Pacem, Para Bellum
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #2 on: January 28, 2019, 03:17:17 pm »
Quote from: edpc on January 28, 2019, 02:49:03 pm
(Bloomberg) -- The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict that this Wednesday’s quarterly refunding announcement will see the Treasury maintain note and bond sales at the record high levels they have boosted them to in recent months.

https://www.bloombergquint.com/politics/another-year-another-1-trillion-in-new-debt-for-u-s-to-raise#gs.Nfc2vyTB

Trillion, smillion.... what's the big deal???   The ""deficit"" is like an ugly, hairy unicorn.  Everyone has heard of it, but nobody really understands it... nobody really believes it exists.  And more importantly....nobody really cares.  Nobody except the adults, that is.   And there are very few of those in DC these days.   **nononono*
Logged
No quarter given to the enemy within...ever.

You can vote your way into socialism, but you have to shoot your way out of it.

Offline Wingnut

  • That is the problem with everything. They try and make it better without realizing the old is fine.
  • Hero Member
  • *****
  • Posts: 26,509
  • Gender: Male
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #3 on: January 28, 2019, 03:27:32 pm »
Quote from: XenaLee on January 28, 2019, 03:17:17 pm
Trillion, smillion.... what's the big deal???   The ""deficit"" is like an ugly, hairy unicorn.  Everyone has heard of it, but nobody really understands it... nobody really believes it exists.  And more importantly....nobody really cares.  Nobody except the adults, that is.   And there are very few of those in DC these days.   **nononono*

Lets just print more money.  Problem solved. /s
Logged
I am just a Technicolor Dream Cat riding this kaleidoscope of life.

Offline XenaLee

  • Hero Member
  • *****
  • Posts: 15,398
  • Gender: Female
  • Si Vis Pacem, Para Bellum
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #4 on: January 28, 2019, 03:30:58 pm »
Quote from: The Ghost on January 28, 2019, 03:27:32 pm
Lets just print more money.  Problem solved. /s

Oh hell, printing wastes trees.  Whenever the gov needs more $$$, just move a few decimals on an electronic spreadsheet stored somewhere on da cloud (there's a reason why they call it that, ya know).  FUBAR
Logged
No quarter given to the enemy within...ever.

You can vote your way into socialism, but you have to shoot your way out of it.

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 23,741
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #5 on: January 28, 2019, 03:35:29 pm »
Right now, today, interest costs are 15% of tax revenue at $525B.

Imagine if interest rates doubled.

Nobody is going to let us do this forever.
Logged
The Republic is lost.

Offline XenaLee

  • Hero Member
  • *****
  • Posts: 15,398
  • Gender: Female
  • Si Vis Pacem, Para Bellum
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #6 on: January 28, 2019, 03:39:41 pm »
Quote from: Free Vulcan on January 28, 2019, 03:35:29 pm
Right now, today, interest costs are 15% of tax revenue at $525B.

Imagine if interest rates doubled.

Nobody is going to let us do this forever.

Oh they will... but only IF there's a damned Democrat in the White House.  Prepare yourself for yet another collapse.
Logged
No quarter given to the enemy within...ever.

You can vote your way into socialism, but you have to shoot your way out of it.

Offline ABX

  • Hero Member
  • *****
  • Posts: 900
  • Words full of sound and fury, signifying nothing.
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #7 on: January 28, 2019, 03:42:08 pm »
Tax and spend, tax and spend.
Logged

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 23,741
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #8 on: January 28, 2019, 03:55:18 pm »
Quote from: XenaLee on January 28, 2019, 03:39:41 pm
Oh they will... but only IF there's a damned Democrat in the White House.  Prepare yourself for yet another collapse.

Yes, because at some point our foreign lenders will say no more and start dumping our debt and currency. People have no clue what we're zombie walking into.
Logged
The Republic is lost.

Offline XenaLee

  • Hero Member
  • *****
  • Posts: 15,398
  • Gender: Female
  • Si Vis Pacem, Para Bellum
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #9 on: January 28, 2019, 03:57:37 pm »
Quote from: Free Vulcan on January 28, 2019, 03:55:18 pm
Yes, because at some point our foreign lenders will say no more and start dumping our debt and currency. People have no clue what we're zombie walking into.

Some people have a clue.  Just.. not enough people have a clue.  And that is by design by the radical left, who controls the media AND education.
Logged
No quarter given to the enemy within...ever.

You can vote your way into socialism, but you have to shoot your way out of it.

Online roamer_1

  • Hero Member
  • *****
  • Posts: 43,721
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit
« Reply #10 on: January 28, 2019, 04:51:59 pm »
WOOHOO!! More winning!  *****rollingeyes*****
Logged

Online roamer_1

  • Hero Member
  • *****
  • Posts: 43,721
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #11 on: January 28, 2019, 04:53:26 pm »
Quote from: Free Vulcan on January 28, 2019, 03:35:29 pm
Nobody is going to let us do this forever.

Hey. Too big to fail, baby... Yeah, man, that's the ticket.
Logged

Offline Sanguine

  • Hero Member
  • *****
  • Posts: 35,986
  • Gender: Female
  • Ex-member
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit
« Reply #12 on: January 28, 2019, 04:55:51 pm »
One bright spot, one of our major creditors, China, is having to print money and devalue the yuan.   :pondering:
Logged

Offline ABX

  • Hero Member
  • *****
  • Posts: 900
  • Words full of sound and fury, signifying nothing.
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit
« Reply #13 on: January 28, 2019, 05:02:59 pm »
Quote from: Sanguine on January 28, 2019, 04:55:51 pm
One bright spot, one of our major creditors, China, is having to print money and devalue the yuan.   :pondering:

I wonder where they got that idea.

Logged

Offline Sanguine

  • Hero Member
  • *****
  • Posts: 35,986
  • Gender: Female
  • Ex-member
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit
« Reply #14 on: January 28, 2019, 05:04:24 pm »
Quote from: ABX on January 28, 2019, 05:02:59 pm
I wonder where they got that idea.



More stealing of intellectual property.    :laugh:
Logged

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 36,385
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #15 on: January 28, 2019, 05:09:36 pm »
Quote from: The Ghost on January 28, 2019, 03:27:32 pm
Lets just print more money.  Problem solved. /s

Not to worry.  Trump knows how to work his way through bankruptcy court.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 23,741
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #16 on: January 28, 2019, 05:21:00 pm »
Quote from: roamer_1 on January 28, 2019, 04:53:26 pm
Hey. Too big to fail, baby... Yeah, man, that's the ticket.

Till they figure out there's no one big enough to bail us out anyway.
Logged
The Republic is lost.

Offline jmyrlefuller

  • J. Myrle Fuller
  • Cat Mod
  • *****
  • Posts: 22,369
  • Gender: Male
  • Realistic nihilist
    • Fullervision
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #17 on: January 28, 2019, 05:48:16 pm »
Quote from: Free Vulcan on January 28, 2019, 05:21:00 pm
Till they figure out there's no one big enough to bail us out anyway.
Oh, they'll write off the debts... for a price.
Logged
New profile picture in honor of Public Domain Day 2024

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 23,741
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #18 on: January 28, 2019, 05:54:36 pm »
Quote from: jmyrlefuller on January 28, 2019, 05:48:16 pm
Oh, they'll write off the debts... for a price.

Doing that will completely collapse the economy. Even the hint of that will swamp our bond and currency markets and send us into a spiral that will be near unrecoverable.
Logged
The Republic is lost.

Offline BlueHammer

  • Hero Member
  • *****
  • Posts: 133
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #19 on: January 28, 2019, 06:14:32 pm »
Quote from: XenaLee on January 28, 2019, 03:39:41 pm
Oh they will... but only IF there's a damned Democrat in the White House.  Prepare yourself for yet another collapse.

like the last collapse??? no, wait........whose watch did that happen on?
Logged

Offline edpc

  • Hero Member
  • *****
  • Posts: 14,879
  • Gender: Male
  • Professional Misanthrope - Briefer and Boxer
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #20 on: January 28, 2019, 06:19:28 pm »
Quote from: BlueHammer on January 28, 2019, 06:14:32 pm
like the last collapse??? no, wait........whose watch did that happen on?


It happened under Bush 43, who, interestingly, repeatedly warned that sub prime entities like Fannie and Freddie were time bombs. Barney Frank insisted that was absurd.
« Last Edit: January 28, 2019, 06:22:17 pm by edpc »
Logged
I disagree.  Circle gets the square.

Offline BlueHammer

  • Hero Member
  • *****
  • Posts: 133
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #21 on: January 28, 2019, 06:21:26 pm »
Quote from: edpc on January 28, 2019, 06:19:28 pm

It happened under Bush 43, who, interestingly, repeatedly warned that sub prime entities like Fannie and Freddie were time bombs. Barney Frank assisted that was absurd.

you left out maxine waters and franklin raines........yep, giving 120% mortgages to unemployed people was not smart.....both sides were guilty of masking the fact from the public
Logged

Offline XenaLee

  • Hero Member
  • *****
  • Posts: 15,398
  • Gender: Female
  • Si Vis Pacem, Para Bellum
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #22 on: January 28, 2019, 06:23:19 pm »
Quote from: BlueHammer on January 28, 2019, 06:14:32 pm
like the last collapse??? no, wait........whose watch did that happen on?

Which... is exactly my point and exactly 'why' it will happen again....

while there's a Republican in the WH.

The last one was caused by leftist Democrat policies.   The next one will also be a result of leftist wet-dreams.... ie getting rid of Trump.

Logged
No quarter given to the enemy within...ever.

You can vote your way into socialism, but you have to shoot your way out of it.

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 36,385
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #23 on: January 28, 2019, 06:28:29 pm »
Quote from: BlueHammer on January 28, 2019, 06:14:32 pm
like the last collapse??? no, wait........whose watch did that happen on?

Nancy Pelosi and Harry Reid.  In just two years, they took a $160 billion budget deficit and turned it into a $1.6 TRillion deficit.

(my bad)
« Last Edit: January 28, 2019, 06:41:11 pm by Hoodat »
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline XenaLee

  • Hero Member
  • *****
  • Posts: 15,398
  • Gender: Female
  • Si Vis Pacem, Para Bellum
Re: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit Read more at:
« Reply #24 on: January 28, 2019, 06:31:40 pm »
Quote from: Hoodat on January 28, 2019, 06:28:29 pm
Nancy Pelosi and Harry Reid.  In just two years, they took a $160 billion budget deficit and turned it into a $1.6 billion deficit.

Huh???  In what alternate universe did Pelosi/Reid reduce the deficit?    :shrug: :shrug: :shrug:

Did you mean the reverse?  If so, got it.  lol
Logged
No quarter given to the enemy within...ever.

You can vote your way into socialism, but you have to shoot your way out of it.
Pages: [1] 2   Go Up
« previous next »