March to Collapse: US Government Borrowed $786 Billion in March Alone

Via memeorandum, from CNSNews story March Madness: U.S. Gov't Spent More Than Eight Times Its Monthly Revenue:

The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government. During the month of March, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March. At the same time, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March....

....To help pay off its $1.0528 trillion in monthly bills on only $128.179 in monthly tax revenue, the Treasury turned primarily to new borrowing. During the month, according to the Treasury statement, the government sold $786.5 billion in new securities. It also drew down its cash balance from $190.6 billion at the beginning of the month to $118.1 billion at the end of the month. It also reaped $18 billion from the sale of assets in the Troubled Asset Relief Program....

Let's summarize what is happening under Democrat President Barack Obama's leadership with Democratic control of the Senate (currently blocking attempts by the brand-new Republican House):

• The federal government is not content to stay in massive debt, is not content to add to the debt at the levels that were unacceptable under Bush (except for his last year, usually under $400 billion), and the federal government is not content to simply add massive amounts of new debt simply during a time of 'crisis' or to 'stimulate' the economy- nope, they want to add ever and ever and every larger amounts of debt.
• This debt is not pretend play money- it is real money that has to come from somewhere. Last month, the federal government soaked up $785 billion in money. That $785 billion could have gone to building new factories, modernizing plants, investing in new technologies, paying off debt that consumers owe, investing in stock markets, bringing homes values back to past values, or as savings for the future. This whole crisis started because of a lack of liquidity- I'm no genius, but I fail to understand how the government soaking up larger and larger and larger amounts of money will lead to a more liquid environment for cash in the private sector.
• $785 billion is a lot of money that should be able to buy a lot of things... and yet, look at our nation. That money is just being burned away, piddled away with little to show with it. In my family budget, when times get rough, we cut out the fancy food and extra amenities and go back to the basics, and yet there is a belief that when times get rough for the government (and I would assert that historic and nation-altering debt levels are rough) it must spend more on extras and fancies and giveaways. Zero accountability with this money being spent.
• Treasuries continue to pay a yield. If the economy in the United States continues to struggle, I don't imagine many are able to buy US Treasury bonds, except the rich, so I'm guessing that most of these bonds are being bought up by non-US actors (banks and states and companies and foreigners), who will then own a piece of the United States. This will restrict and restrain our nation's ability to act according to its interests, and will mean that every month, US taxpayers will be sending taxes to DC, who will then send the foreign holders of our debt a check, which means that our taxpayers are working to provide funding to perhaps tyrannical and immoral governments.
• Democrats are responsible for this mess. On the ballot next year there are Democrats- for me, there is a Democratic President, Senator, and Congressman. I intend to hold them to account for this mismanagement of government, and I hope you do too.