Treasury Adds Another $20 Billion In Debt Overnight, Just $160 Billion Below Revised Ceiling

Tyler Durden's picture

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jdrose1985's picture

Tax reciepts have nothing to do with the debt ceiling. They go directly to IMF accounts.

Ahmeexnal's picture

Londonistan is burning.

The UK is the latest arab country to embrace the arab spring of revolutions.

About time the proles demanded regime change.

The queen must go.

Spastica Rex's picture

John Lydon for President.

Ethics Gradient's picture

I'd rather the wilfully ignorant and biblically stupid went.

The proles wanted socialism, they wanted non-jobs, they didn't care about the debt. They didn't want to be told they had failed an exam or be disciplined at school. Now they're left with a feeling of entitlement, no skills, national and personal debt, an iPhone, Sky and a large bill from phoning X-Factor.

Let them riot. Let them announce to the world that they are the underclass and their desires are to be ignored.

phungus_mungus's picture

That must of been one hell of a BBQ Obama threw for himself... 

mynhair's picture

You are ignoring all those cap gains flowing into the Treas from NFLX sales.
Very bullish, as the off channels are ending their summer series.

fonestar's picture

As the exponential function kicks in we should be able to enjoy much more debt ceiling melodrama.  Perhaps weekly, after General Hospital.

Almost Solvent's picture

Damn math.

 

Can't goD just make math do what we want it to so we can continue to enjoy life the way hE promised us we could!?

Idiot Savant's picture

That's why Bachmann or Perry must win the next election. They both have open lines with God and will solve the country's problems through prayer. /sarc/

HellFish's picture

Well the first part of your name can be confirmed as accurate.

baby_BLYTHE's picture

in hyper-inflated dollars/digits.

Bernanke is pulling an all-nighter tonight, one Benny boy's biggest speeches of his career coming up. 

"Tail Risk" is spinning out of control. 

mynhair's picture

Ummm, your tail spinning.
But I digress.

baby_BLYTHE's picture

so everything is fine then?

Bernanke to Ron Paul "Is Gold Money?"

 

"The reason people hold gold is protection against tail risk, really, really, bad outcomes. To the extent that the last few years have made people more worried about the potential of a major crisis, then they hold gold as a protection,"

 http://www.youtube.com/watch?v=2Dj9v9s9buk

The DOW has crashed over 2k and Gold has risen $145 since that testimony

mynhair's picture

All is fine. TSA has the list of all TEA party members.

TheFourthStooge-ing's picture

Did you ever notice that, if he lost the beard, the Bernank would be a dead ringer for Jim Lahey, supervisor of Sunnyvale Trailer Park?

Just sayin'...

 

chubbar's picture

Good point! I don't recall ever seeing them in the same room together either! Very suspicious!

TheFourthStooge-ing's picture

Sunnyvale Trailer Park Supervisor: "He's about to enter the shit tornado to Oz."

Sunnyvale Trailer Park Weekend Trailer Park Supervisor: "That would make Bernank Dorothy, right Mr. Lahey?"

 

 

Almost Solvent's picture

The trailer park called, they want their trash back . . .

EscapeKey's picture

Can't he just recycle his QE1/QE2 speech? Seems bit of a waste of taxpayer money to write a whole new speech.

bigdumbnugly's picture

i suppose he could.  he'd just have to speak three times louder.

Taku's picture

Unfortunately, they're off limits as there is a Senate probe into QE speech writing instruments and paper supplies used, to ensure efficacy of the message this next round.

RandomRick's picture

Unfortunately he recycled the paper from his speech to print more dollars.

legal eagle's picture

Kudos to you for not responding to the flirtation from every Tom Dick and Jeffrey. Stellar stoic baby blythe. Obviously a male dominated site.

Advoc8tr's picture

Nice ... the old double reverse psychology approach. 

RichardP's picture

Do you know the gender of Baby Blythe??  I suggest you check.

baby_BLYTHE's picture

Suggest you revise yourself there, Brah

iinthesky's picture

Where's all the fiat going?

EscapeKey's picture

Wasn't the whole thing with the debt ceiling hike such that no more Congressional melodramas would have to be inflicted upon the population until after Obama [won|lost] the 2012 elections?

That sounds like a job for SuperCongress (tm).

I picture a crack team of flying superhumans, all dressed in different colors, with techno music in the background as they're on their way to sort of the debt ceiling problems.

iinthesky's picture

They are so heroic... finally a super duper congress we can all look up to!

Anonymouse's picture

We've need to bring back "Reagan's Raiders"

http://thewonderfulworldofstupid.blogspot.com/2011/05/reagans-raiders-2....

Reagan, Schulz, Bush, Weinberger all in spandex!

Caviar Emptor's picture

We're converting to Log scale. The numbers will seem smaller to the sheeple. 

TheFourthStooge-ing's picture

Ok, someone please explain this one to us because we must be a little slow.

Phase 1: inhale chloroform

Phase 2: ???

Phase 3: PROFIT!

 

Piranhanoia's picture

It is, in fact the two step. Sometimes called the quick step. also the knee walk,  stain em', brownies,  plotchers, charcoal biscuit, fudgies.

They are popping out everywhere!

Piranhanoia's picture

I forgot logs

 

mynhair's picture

I dread the WB7 spread on 'SuperCongress'. Probably will have cats and dogs living together.

legal eagle's picture

WTF with silver? Should be rising much higher by now.....

mynhair's picture

Tell it to the miners. Dam.

nodhannum's picture

Well, you know by now...it only costs $5.00 to dig it out of the ground so whats the problem?

sullymandias's picture

Gold is the place to be. The money of Senators. Silver is for peasants. It's time will come when the dollar is too poor a currency even for peasants.

sullymandias's picture

Actually I think copper is for peasants. Silver is for the middle class.

I'll bet you copper becomes money again too. Silver will be too valuable to make into small change coins.

ForWhomTheTollBuilds's picture

Does anyone else here ever wonder what motivated the many ridiculous trolls we've endured over the last few years?  I do.

 

They had a level of tenacity that I don't think could be explained by masochism or the simple fun of poking angry people with a stick.  I think at least a few were finance industry workers who saw us calling out the damage their living causes to honest people and so they were here to defend their own sense of self (the Administrations reaction to S&P is a somewhat related bit of theater).

 

Posting online is my therapy today.  Where the hell is Cognative Dissonance when we need him?

Advoc8tr's picture

You don't need him .... I think your conclusions are pretty close to the mark.  Human Nature.

navy62802's picture

Just repeat after me ... the USA is a AAA nation ... the USA is a AAA nation. If you close your eyes and repeat that phrase long enough, it'll become true!

Besides, it's like Greenspan said yesterday, the US will always be able to print enough money to cover its debt obligations. So if the chanting doesn't work, the printing press will also do the trick! And voila ...

Cheesy Bastard's picture

Repeating over and over again that you are solvent only works if you click the heels of your silver slippers together.

mynhair's picture

Ommmmmmm, Denniger is a moron. Ommmmmmm, Denniger is a moron.

Just like the hero he voted for, he blames everyone else.

Citxmech's picture

Goolsby looked like he threw-up in his mouth when Greenspan let that gem fly!