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To: Former Proud Canadian

Why is debt up so fast?

A: The market is paying a premium for treasury bills right now so they are selling as much as they can as fast as they can.

or

B: Repaying those borrowings from other government accounts they used to delay hitting the ceiling.

But maybe I don’t understand the question...


19 posted on 08/09/2011 5:45:11 AM PDT by mrsmith
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To: mrsmith

No, I think you are correct. The point is that this thing that was supposed to be over until 2013 is going to come back up again much sooner.


20 posted on 08/09/2011 5:53:49 AM PDT by Former Proud Canadian (We .. have a purpose .. no longer to please every dictator with a vote at the UN. PM Harper)
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