Skip to comments.U.S. Treasury Drew Down Its Cash Balance by $81.6 Billion in Just First 4 Days of March
Posted on 03/07/2011 6:47:26 PM PST by Nachum
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
(Excerpt) Read more at cnsnews.com ...
The list, ping
Let me know if you would like to be on or off the ping list
The Wall Street banksters still have their hooks in our Treasury. They are the winners and we are the losers. They should be bankrupt, but we’ve refilled their tank on our dime.
Nearly $82 BILLION in four days? I am speechless.
Thanks added it to my Obama dossier.
And what happened? Did the printing presses break?
There must be a bitchin’ party planned for Wednesday at The White Hut.
New wall paper for Barry’s crapper.
‘We’ can look forward to an empty tank, for the rest of this year.
And empty refrigerators.
And empty toilet paper holders.
And empty closets.
I checked it is not in my bank account.
Yeah... but half of it was used to pay off old debt, and half of it was used to borrow more.
No problem. They will just increase the debt ceiling. Who’s going to stop them? The Republicans?
The Sky is the limit.
If you own the printing press there is no end.
Soon, they are going to have to take IOU's , just like everyone else.
And who owns the printing press?
Sounds like Obama and crew may be about to pull a Maburak and haul ass. If so, it is well worth the cost. I wonder if he will give back Air Force One?
China of course! :O)
Hey, that’s only 20 1/2 billion a day. Geez. Thanks Clintonfatigued.
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.
The evaporation of the tax base is probably the most accurate index of the magnitude of unemployment at this point
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.
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.
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.