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Treasury Math: #Winning (Feds caught violating debt limit alert)
Zero Hedge ^ | May 10, 2011 | Tyler Durden

Posted on 05/10/2011 2:33:57 PM PDT by Zakeet

We have a quick question for the Treasury Secretary: according to today's DTS, as of close yesterday, the Treasury had $14.274 trillion in debt subject to the ceiling of $14.294 trillion, or a $20 billion "buffer." To the best of our knowledge there were no redemptions today, and certainly none in the non-Bill pipeline this week. So, uh, how exactly did Tim Geithner auction off $32 billion today? (and plans to auction off another $40 billion tomorrow and Thursday)



TOPICS:
KEYWORDS: auction; debt; debtlimit; treasury

You Freepers are so damn dumb if you think this administration has to follow the law or constitution ... ever ... particularly with respect to my failure to pay taxes, the Wee Wee's ineligibility to hold office, or Treasury illegally borrowing money in order to make transfer payments to Democrap voters.

1 posted on 05/10/2011 2:34:02 PM PDT by Zakeet
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To: Zakeet

Rule of Law?

What Rule of Law!

Timmy Boy follows Zero into the new “my might makes my right” ... and they’ll just “do it” until someone stops them ...


2 posted on 05/10/2011 2:36:43 PM PDT by Nobel_1 (bring on the Patriots!)
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To: Zakeet

Well, it is more of a “guideline” than a “law.”

(/DU mode)


3 posted on 05/10/2011 2:49:40 PM PDT by freedumb2003 (Liberalism is a philosophy of sniveling brats. /P. J. O'Rourke, 1991)
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His Turbo Tax told him that it was OK.

Mark


4 posted on 05/10/2011 2:49:47 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: Zakeet

Great comments at ZH. Thanks for posting. Thanks to Tyler Durden.

Eliminate the FED. DEFUND ALL collectivist’s collectives. The U.S.A. becomes financially solvent and we become very low-taxed prosperous/productive citizens in a country which acts as a beacon for individual liberty.


5 posted on 05/10/2011 2:49:47 PM PDT by PGalt
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