U.S. Treasury Drew Down Its Cash Balance by $81.6 Billion in Just First 4 Days of March

The U.S. Treasury is depleting its cash at an accelerating pace, drawing down its cash balance by $81.6 billion in the just the first four days of March, leaving the federal government with only $108.9 billion on hand, according to the Daily Treasury Statement released Monday afternoon. At the beginning of February, the Treasury had $349.1 billion in cash on hand, but spent that down by $158.5 billion during the month, ending February with only $190.6 billion on hand. Were the government to continue to draw down its cash balance

Soon, they are going to have to take IOU's , just like everyone else.

Without the taxpayer and the Federal Reserve giving them our money, the firms like Goldman and Morgan and Citigroup would be worthless along with their overpaid executives.

They and the big wigs who run them should have their new found stolen taxpayer wealth financially stripped from them like bones from a freshly caught and filleted trout. They can keep the bones and the country should have their wealth returned to our Treasury. Let them live like paupers.

Every time I think about these bankster crooks getting rich again on our dollar (and debt) when they should have nothing my blood boils. Vets and average hard working Americans are going to be sacrificed so these elitist scum get to continue living in a style they do not deserve. They contribute nothing of worth to society.

Thanks for letting me get that off my chest. Sorry when I think about how these NYC bankers pulled the wool over our eyes and have Congress under their thumb to get their payoffs and TARP and QE2 etc it pxxxes me off.

It’s a ponzi scheme. “During those four days, Treasury paid $128.477 billion to redeem old bonds. At the same time, it borrowed $133.196 billion by selling new bonds.”

If any business did this guess where the owner would be

Govt is spending about $2 for every $1 taken in.

They are accelerating bond sales to raise cash. Issuing more future debt to cover current debt. The IOU’s are coming due so they have to borrow to cover their obligations.

I’m not.

Imagine what Paris Hilton did when her daddy gave her her first credit card. That’s the US Government, except with a lot more money. They need to be cut off.

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