- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
While politicians want more billions to send overseas, Treasury borrowing $776 billion
Posted on 10/30/23 at 8:05 pm
Posted on 10/30/23 at 8:05 pm
I can not believe how fricking reckless politicians have become with the number billion.
Treasury set to borrow $776 billion next quarter, the most ever borrowed in the fourth quarter
LINK .
Treasury set to borrow $776 billion next quarter, the most ever borrowed in the fourth quarter
quote:
New York
CNN
—
The US Treasury Department said it expects to borrow $776 billion in the final quarter of this year, the most the government has ever borrowed during a fourth quarter.
The forecast is $76 billion less than the estimate Treasury made in August due to higher-than-anticipated tax collections in October. That’s partially a result of deferred tax collections from residents and corporations in states like California where tax deadlines were extended due to extreme weather, Treasury officials said on a call with reporters on Monday.
LINK .
9
Posted on 10/30/23 at 8:40 pm to Thundercles
[link=(Rand Paul: This is the greatest threat to our national security
https://www.foxnews.com/media/rand-paul-greatest-threat-national-security)]LINK[/link]
https://www.foxnews.com/media/rand-paul-greatest-threat-national-security)]LINK[/link]
Posted on 10/30/23 at 8:51 pm to Thundercles
At 5% plus I guess. Pretty soon, almost all the revenue the government raises will go to pay interest on the debt.
Posted on 10/30/23 at 8:58 pm to Thundercles
quote:
Treasury set to borrow $776 billion next quarter, the most ever borrowed in the fourth quarter
There are people that will tell you this means nothing.
We’re paying almost $500B a year just on interest on our debt.
There are people that will tell you this means nothing.
Those people are idiots.
Posted on 10/30/23 at 10:25 pm to Thundercles
It ain’t their money. Why would they worry?
Posted on 10/30/23 at 10:37 pm to Upperaltiger06
They're already running into low demand at auctions.
There is only so much debt they can sell and they will have to pay higher rates to move it all.
There is only so much debt they can sell and they will have to pay higher rates to move it all.
Posted on 10/30/23 at 10:41 pm to Thundercles
It is absolutely reckless, but debtors are going to have to go to war with the US to collect the debt. My guess is that they don't even care because they're making enough on the interest. Global economy balance is a strange thing.
Posted on 10/31/23 at 12:18 am to Thundercles
Chickens are about to come home to roost. The US empire is a bloated, rotting corpse.
Posted on 10/31/23 at 4:36 am to jralspanky
Rand is right. Like 2008, it’s a bubble, and they’re perfectly fine with kicking the can down the road and knowing that when it bursts, they can scream “it wasn’t meeeeeee!”
Posted on 10/31/23 at 5:00 am to LuckyTiger
quote:$879.3 billion this year to be exact, and that number will increase as older low interest debt gets rolled over to higher rate instruments.
We’re paying almost $500B a year just on interest on our debt.
For an additional perspective, America is now paying more in interest on its debt than we do on our annual dept of defense budget LINK
This post was edited on 10/31/23 at 5:01 am
Posted on 10/31/23 at 5:28 am to NC_Tigah
quote:
year just on interest on our debt.
$879.3 billion this year to be exact, and that number will increase as older low interest debt gets rolled over to higher rate instruments.
For an additional perspective, America is now paying more in interest on its debt than we do on our annual dept of defense budget LINK
Who CARES? Isrul got attacked with parachutes!!! Kiev on far!!! Where’s your humanity? Get in the fight!!!!!
Posted on 10/31/23 at 8:29 am to LuckyTiger
This means nothing.
Money is literal paper.
We owe ourselves trillions of pieces of paper, ok go chop a few trees.
Money is literal paper.
We owe ourselves trillions of pieces of paper, ok go chop a few trees.
Posted on 10/31/23 at 8:32 am to Thundercles
Its all worth it to stop that evil Putines! - doubleb
Posted on 10/31/23 at 8:37 am to RefineryRich
quote:
This means nothing.
Money is literal paper.
We owe ourselves trillions of pieces of paper, ok go chop a few trees.
Do you actually believe that?
Why are prices rising so quickly?
Posted on 10/31/23 at 8:39 am to RogerTheShrubber
The way this is going, the markets wont last until the next election .
There is going to be a lot that breaks in Nov.
There is going to be a lot that breaks in Nov.
Posted on 10/31/23 at 9:27 am to Thundercles
Borrowed 1 trill in Q3 expected to borrow 1.5 trill in Q4. We are dang near 1 trill a month. This is going parabolic.
The CBDCs will step in as a savior from hyperinflation. We have an obligation to our own freedom to choose P2P crypto or hard barter assets before we submit to CBDCs
The CBDCs will step in as a savior from hyperinflation. We have an obligation to our own freedom to choose P2P crypto or hard barter assets before we submit to CBDCs
This post was edited on 10/31/23 at 9:28 am
Posted on 10/31/23 at 9:36 am to Thundercles
When the country collapses, they will still have a gov't paycheck. But the millions of people who have to work for a living will become jobless and have no way to keep a roof over their heads.
Posted on 10/31/23 at 10:55 am to RogerTheShrubber
Do you actually believe the government would intentionally destroy itself? Do you think those in congress who are raking in millions of dollars would let those dollars become worthless? No. We are more likely to start a world war and destroy the planet before this system collapses
Posted on 10/31/23 at 11:01 am to RefineryRich
quote:
Do you actually believe the government would intentionally destroy itself?
Absolutely, they've been doing it for 100 years.
The government is a bunch of bureaucrats and elected officials who only give a shite about the next election, or their own jobs, which is to serve politicians.
Theres no long term plan, theyre just adding more sump pumps to keep the ship from sinking.
Posted on 10/31/23 at 11:34 am to RefineryRich
quote:
Do you actually believe the government would intentionally destroy itself? Do you think those in congress who are raking in millions of dollars would let those dollars become worthless? No. We are more likely to start a world war and destroy the planet before this system collapses
Why didn’t ‘they’ wave that magic wand in 2008 and make it all go away? If mass priming is OK, why not print everything and let people keep all that they earn?
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News