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To: Jim Noble

They have to pay a lot more than just debt service every month.

Treasury bond auctions happen quite often.

When that inflow of borrowed cash stops, it doesn’t take long before the cash runs out.

Once the debt ceiling is reached, Treasury bond auctions have to stop.


18 posted on 10/02/2013 5:06:23 PM PDT by PieterCasparzen (We have to fix things ourselves)
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To: PieterCasparzen

Dems know that Treasury is buying virtually all of our debt. If the debt ceiling is not raised, the shell game is over and the house of cards comes crashing down.


20 posted on 10/02/2013 5:22:12 PM PDT by ez (Muslims do not play well with others.)
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