RSS

US Government Sets Record for Debt- $200 billion in one week

According to CNN Money, the U.S. government began a record weekly sale of $200 billion in Treasury debt this week. You can read the article here to get the details on what sorts of debt is sold, but I think the key line is here:

While analysts expect this week's auctions to go well, there is concern that the growing supply of Treasurys could eventually overwhelm demand as the United States continues to offer massive amounts of debt each month. (Although) demand from overseas buyers has remained healthy.
Translation- there is a real fear that the US government is soaking up all the money in the world, and there will be no buyers on our debt notes next month, as the US debt explodes in a manner never before conceived. Oh, and the buyers of our record debt, who are going to earn considerable interest on it for a long time, are oversea's buyers.

This is Democrat control of our economy. Children spending money that isn't there, borrowing it from our enemies around the world, paying them interest and giving them control over our country, all to pay for schemes that lower the quality of life in our nation. Democrats mean borrowed money and stolen property to pay for lessening the protections of life and liberty.

  • Digg
  • Del.icio.us
  • StumbleUpon
  • Reddit
  • RSS

0 komentar:

Posting Komentar