Gov't Will Borrow $72B In Debt Auctions Next Week

Gov't Will Borrow $72B In Debt Auctions Next Week

finance.yahoo.com

The government will borrow $72 billion in debt auctions next week now that Congress has raised the nation's borrowing limit.

The Treasury Department says it will sell 3-year notes, 10-year notes and 30-year bonds to raise the money. About one-third will go to repay debts that are due on Aug. 15.

President Barack Obama cleared the way for the auction on Tuesday when he signed into a law a bill that raises the debt ceiling and promises more than $2 trillion in cuts to government spending over the next decade.

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Related AboveTopSecret.com Discussion Threads:
Super Congress: Welcome to The United States of Goldman Sachs and Company

Wait for it? Back at it already, well that did not take long.

SUPRISE!
[atsimg]http://files.abovetopsecret.com/images/member/49c29aadc54c.jpg[/atsimg]

The U.S. government currently borrows 40 cents of every dollar that it spends.

Question: And just what did we gain now that the Govenment
has raised the debt limit?

Answer : More Dept in a Coup d’état

“They had us all breathless that the country, if we didn’t have something happening today, was going to default. That was a lie and they continued to use it even after members of Congress explained many times, no we don’t default www.infowars.com...

Do we feel used yet?



finance.yahoo.com
(visit the link for the full news article)

Well that didn't take long.

Hey kids! Let's all jump in the car and go shopping. A new low-interest, pre-approved credit card just showed up in the mail.

I don't know what lies around the corner with our economy, but I'm guessing it's not good.

reply to post by Hessling


Surely it will be more of the same...

deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain
some unfair or dishonest...otherwise known as fraud. ....

until its time for a new currency.

i struggle with all this economic stuff but what does it mean for the pound sterling when tshtf

will this eventually lead to the collpase of the eu and the euro ?

because of america overspending yadie yadie yada? if u know what i mean
basically i just want to know how europe will fair

It was sooooooooooo predictable....now they're able to contune to indulge their lust for blood, murder and exploitation.

SO - WHAT are the American people going to DEMAND IN RETURN for all these billions of debts they are being made responsible for?

reply to post by Welshextremist


Personally, I tend to agree with Michael Rivero's theory of globalism.

Prior to this massive globalist project, national borders acted like compartment doors in a ship. If you are taking on water, you close the doors and isolate the situation. One country has an economic crisis and the other countries can protect themselves.

However, now due to a global economy the doors are continuously left wide open. An economic crisis in a country will certainly create a domino effect. When that country is the US, then you know it's going to be bad.

u know,, i know its crunch time in the usofa ,, does not italy have some money still? it belongs too you,, the people of usofa i mean,, it was a measly $134 BILLION ,, Italy,, Vatican,,, Japanese guys wearing suits,,, lol

go get that money,,, leave the poor guy alone. !!!!!!!!!!!!!!!!

C.I.A or Treasure Dept. ?? DO YOU JOB,,,GO FETCH!!!!

$134 BILLION whats a coulple of trillion billion who gives a ,,,

Originally posted by wcitizen
It was sooooooooooo predictable....

Honeslty, you must give them credit for such a nice circus...they really had the
poor people going this time.

Originally posted by burntheships

Originally posted by wcitizen
It was sooooooooooo predictable....

Honeslty, you must give them credit for such a nice circus...they really had the
poor people going this time.

Not all of us

When will people GET IT?

ETA: It's like giving an alcoholic unlimited bottles of drink to help him stop drinking.

Originally posted by wcitizen

When will people GET IT?

ETA: It's like giving an alcoholic unlimited bottles of drink to help him stop drinking.

edit on 3-8-2011 by wcitizen because: (no reason given)

Agreed, they might wake up that first morning in a FEMA camp...

next to the bum in his vomit.

Honestly this whole mess is no laughing matter but here is a bit of comic relief for yous.It sums it up pretty well.