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Treasury To Issue $331 Billion In Debt In Fiscal Q4, $660 Billion Gross, Expects Debt Ceiling To Be Raised

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Mon, 08/01/2011 - 15:33 | 1514031 SheepDog-One
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What about the $200 billion Treasury has raided from govt pension funds since QE2 end that needs to be put back. That in their projection?

No problem Im sure, hey we got a new 'Super Congress' thats cutting $2 trillion in public spending by fall no one is talking about, all is well, Im sure!! :D

Mon, 08/01/2011 - 15:35 | 1514056 DonnieD
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How do you borrow money to fund a retirement account?

Mon, 08/01/2011 - 15:42 | 1514072 SheepDog-One
SheepDog-One's picture

I dont know, you tell me! Perhaps the $200 billion the Treasury has looted from govt oensions is now a 'line thru item' and no longer exists.

All your retirements are belong to us.

But since QE2 end, Treasury has now 'borrowed' at least $200 billion, and says that will be 'put back' when the debt ceiling is kornholed into the american people, but Ive yet to hear any of them mention the -$200 billion in the numbers!

Mon, 08/01/2011 - 15:37 | 1514058 Cognitive Dissonance
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I'm looking forward to the day when we are all talking about the Military Junta or Martial Law. It will make today feel like the good old days.



Mon, 08/01/2011 - 15:39 | 1514080 magpie
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Enjoy your Allende while he lasts...

Mon, 08/01/2011 - 15:47 | 1514121 Henry Chinaski
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"Watch the Marines..."  http://chaostan.com/ewr910.html

Mon, 08/01/2011 - 15:44 | 1514104 slaughterer
slaughterer's picture

No Fed monetization needed to sell these Treasuries.  Euro instability will make the world look to US T-Bills for security.  

Mon, 08/01/2011 - 15:32 | 1514040 sdmjake
sdmjake's picture

How about just giving me a nice papercut and pouring lemon juice on it?

Mon, 08/01/2011 - 15:46 | 1514115 dbach
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Gold and silver should be on sale in the next few days. Does that make you feel better?

Mon, 08/01/2011 - 16:05 | 1514202 sdmjake
sdmjake's picture

I just keep adding as i can... despite the price. It has worked for the last 7 years and I see no reason for that to change. Buying gold is simply a vote against the current monetary and fiscal policy of my country. Nothing they have done or said leads me to believe that USD responsibility will follow. I'll take the PM cheaper with a smile though!

Mon, 08/01/2011 - 15:34 | 1514050 Cognitive Dissonance
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Elvis Logic and common sense, not to mention sanity, has left the building.

Mon, 08/01/2011 - 15:57 | 1514179 sdmjake
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"A child of five would understand this. Send someone to fetch a child of five."
- Groucho Marx

Mon, 08/01/2011 - 15:36 | 1514061 MoneyWise
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"And people think the Treasury can raise this money without the Fed monetizing at will?"
You mean need QE to monetizing more?

Mon, 08/01/2011 - 15:37 | 1514067 Ricky Bobby
Ricky Bobby's picture

Imperial Collapse! Are we there yet.

Mon, 08/01/2011 - 16:01 | 1514192 sdmjake
Mon, 08/01/2011 - 15:37 | 1514068 Dr. Engali
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In the words of Marc Faber: "They will print ,and,print,and print,then they will go to war."

Mon, 08/01/2011 - 15:39 | 1514082 SheepDog-One
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Yes war against the american people who are now looked at as enemy #1 to the federal govt which has become a nation unto itself.

Mon, 08/01/2011 - 15:52 | 1514152 Caviar Emptor
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When you can no longer afford to pay them, they'll make you work in their salt mines in exchange for a roof and bread. 

Mon, 08/01/2011 - 15:38 | 1514073 Jim in MN
Jim in MN's picture

Fed, JP Morgan, People's Bank of China...what's the diff?


No, really, what?

Mon, 08/01/2011 - 15:45 | 1514112 cossack55
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Mon, 08/01/2011 - 15:38 | 1514075 Bansters-in-my-...
Bansters-in-my- feces's picture

Mister can you spare a dime...?

Can you make it a silver one...???

Mon, 08/01/2011 - 15:47 | 1514107 PulauHantu29
PulauHantu29's picture

Did Timmy happen to mention the Bank Bailout and CEO Bonus amounts for Q3 while was was fiddling with those Billions?

Mon, 08/01/2011 - 15:50 | 1514129 Caviar Emptor
Caviar Emptor's picture

Did "Free Marketeers" Paulson, Bush and Cheney just say "No" to TARP and other bailouts and stimulus? 

Of course not, don't be ridiculous. 

They knew that would cost their buddies big when half the loans they made would default. 

Mon, 08/01/2011 - 15:55 | 1514167 Clint Liquor
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"And people think the Treasury can raise this money without the Fed monetizing at will?"

Some people think Unicorns shit Skittles, also.

Mon, 08/01/2011 - 16:01 | 1514191 Caviar Emptor
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Mon, 08/01/2011 - 16:06 | 1514206 Caviar Emptor
Caviar Emptor's picture

Funny how it happens so fast: 

Inside of 1 week the stakes have been raised by double. All of the precariousness of the US and global financial Ponzi has not just been revealed. It has gone further out on a limb. And problems aren't just accumulating, they're compounding. 

And it's not just financial risks anymore. It's domestic and global political and strategic risk. 

And with the stark slowdown in global ISMs and GDPs we have a clear signal that the policies that were put forth in 2008-9 are faltering and beginning to reverse. Only this time we're in a much weaker position than in 2008 when it was just a banking issue. Today, the tentacles of the crisis and the depression have spread out to embrace the entire global economy. And the stakes aren'y just inconvenience and frugality anymore: poverty, famine, uprisings. 

Mon, 08/01/2011 - 16:12 | 1514232 css1971
css1971's picture

The Ponzi must be saved. All of your leaders owe their fortunes to it.


Mon, 08/01/2011 - 16:10 | 1514223 max2205
max2205's picture

funny TD

Mon, 08/01/2011 - 16:56 | 1514356 P Rankmug
P Rankmug's picture

Jonesing Timmy To Get Fix


Like any failed rehab junkie deprived of his drug, Timmy Geithner will exit rehab by going on a hard core binge.

Thanks small government dad Boehner for funding Timmy's next binge. Dad just can't stand to see Timmy suffer even though he knows it will destroy his family and financially ruin him. 

I just hope little Timmy's Chinese dealer doesn't get tired of his junkie whining and cut him off when he is most vulnerable. 


Mon, 08/01/2011 - 22:44 | 1515452 ThirdCoastSurfer
ThirdCoastSurfer's picture

How large is the debt?

We will raise the limit by an amount that will last us a little more than one year by an amount that wasn't reached in total until 1986. By an amount that the entire Federal budget didn't reach until 2003. If it was GDP and not debt, it would rank as the world's 7th largest -ahead of Brazil and just behind the United Kingdom!

Wed, 09/14/2011 - 04:23 | 1667257 chinawholesaler
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