Posted on 10/30/2023 2:40:38 PM PDT by zeestephen
The Treasury said it expects to borrow $816 billion between January and March...The announcement comes 10 days after the government said the fiscal 2023 budget deficit would be about $1.7 trillion...
(Excerpt) Read more at cnbc.com ...
That’s exactly $1 per person per hour.
ppph
It’s just a 30%-50 % paycut per family of 4. I don’t see the fuss here.
A trillion here, a trillion there, pretty soon we’re talking big money.
Somebody has to pay for the UniParty wars.
An economic recovery where the deficit explodes.
“Borrow” is mentioned 15 times in that article, but it conveniently leaves out who is it being borrowed from?
It’s called seignorage - the privilege of being the sovereign with the right to print money thereby stealing from the entirety of society. Stealing from rich and poor alike.
They are not going to borrow ANYTHING.
This is a printing operation. “borrowing” implies paying back principal. We will NEVER pay back principal, only interest. The fiat ponzi scheme relies on an ever-increasing M2 money supply, and by design, there can NEVER be enough (due to fraction reserve bankstering) to pay back the entire principle, and more to the point (see Grace Commission) we never have and never will pay back principal.
The central banksters of the entire world. And nation that has a Central Bank, is part of the FED cabal.
It might be painful, but restore the Gold Standard and end the fed.
I figured it would be China or Iran, because that’s who Biden is tight with.
How is it possible to borrow money for three months since there are only two months left?
“In the next 3 months....” not “for the next 3 months...” That being said the treasury sells 4 week bonds, 8 weeks bonds, etc. etc. up to 30 year bonds. The amount they sell of each depends on the bonds that are “rolling over” and “strategy” i.e. if they know the Fed is going to drop their rates then they sell more “short end” bonds. (My understanding anyway).
Borrowed money is about to become the only economy that exists in America.
From whom???
662$ Billion is the interest paid this year on the debt we already have! Insane!
Firmly believe that the goal is completely bankrupt all nations, thereby forcing them to all agree to a single international currency. Of course, sovereignty will need to handed over.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.