Posted on 08/04/2014 10:39:05 PM PDT by Olog-hai
The U.S. Treasury Department has raised by $22 billion its estimate of what it needs to borrow in the third quarter to keep the government operating.
Treasury said Monday that it expects to borrow $192 billion in the July-September period, up from an estimate of $170 billion announced in April. The borrowing increase is mainly due to the government taking in less in revenue than previously expected.
Treasury also said it expects to borrow $187 billion in the fourth quarter of the year. …
(Excerpt) Read more at hosted.ap.org ...
Nonsense. Who is it borrowing this money from? Please tell us. And why does it need to “borrow” when it can print its own money? A “federal” reserve note—and the “Federal” reserve is not a “Federal” agency but a privately held bank— is simply printed and we are given the wonderful “opportunity” to repay this printed money with interest. How wonderful. A United States Bill is exactly the same with one difference—the real Federal government prints the bills—not a “note”-as a note is a promise to repay and accrues interest, and the bills are interest free. So why do we not print more bills than “notes?” Simple—a privately held “Federal Reserve” bank cannot make any money on the bills printed as US Bills. Now you know the rest of the story.............
“borrow”? bs
they’re selling phoney paper to any country that will take it
that is, if they aren’t printing what they need
raise taxes ... get less revenue. Stoopid lefties.
> Who is it borrowing this money from?
In one way or another, our future.
Perhaps a better-informed person than I could explain Quantitative Easing to Glorgau.
Whatever quantitative easing is, the government had been doing it at the rate of $85 Thousand Million each month. In long hand that is $85,000,000,000, commonly referred to as $85 Billion.
85 (Billion) x 12 (Months) = 1,020,000,000,000 or 1.02 Trillion.
Simple solution........STOP SPENDING.
Good way to accomplish that is to eliminate most if not all foreign aid, numerous none functioning gubmint departments (HS, IRS, etc...), eliminate the lavish living vacations odumbo and company (mooooooooochelle included) take, stop all the fund raising trips, etc...... (Listing all these non essentials could take a while). In the end, we could easily save millions if not billions which would eliminate the need to borrow money from anyone.
> 85 (Billion) x 12 (Months) = 1,020,000,000,000 or 1.02 Trillion.
i.e. our future.
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