Skip to comments.US Government Issues $333 Billion Net In Marketable Debt In March, Second Biggest Ever
Posted on 04/02/2010 8:55:19 AM PDT by Cheap_Hessian
In March, the US government issued a massive amount of debt: $332.8 billion - the biggest amount ever since the all time record of $545 billion raised (most of it purchased by the Fed) during the apex of the financial crisis in October 2008. The US Treasury had $12.717 trillion in debt subject to limit at the end of March, compared to just $12.384 trillion in the beginning of the month. The private-to-public debt transfer is going as planned, still in the full absence of the shadow economy.
Below is an artist's impression of what the deck chairs of the Titanic looked like.
(Excerpt) Read more at zerohedge.com ...
Hey, it’s going to all change now that those Census workers have money to spend.
Levels of spending that can only be described as willful treason.
Obama created more debt in the last two months than President Reagan did in the worst “debt creating” year of his Presidency... Anyone wonder why the MSM isn’t reporting this?
This is a quote from Martin D. Weiss...
$333 billion in one month.
Note that works out to an annual rate of $4 TRILLION per year.
I need help here. When the US Government issues debt, does that mean they borrowed money? If so, from whom are they borrowing it? Or are they printing it?
When the Federal Reserve purchases debt issued by the US Government, what does that mean? Could it be that the US Government is borrowing from the Fed?
What do monetary transactions between the Fed and the US Government mean? Is it a shell game? What do they accomplish for the country as a whole?
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