Skip to comments.Treasury Sells $29 Billion In Bonds, Bringing Total Settled US Debt To 14.311 Trillion
Posted on 03/30/2011 1:07:49 PM PDT by JohnKinAK
Now bear with us for a second: the most recently disclosed total debt was 14,211,567,662,931.23 as of March 28. This excludes the settlement of all of this week's auctions which amount to $35 + $35 + $29 billion (including today) or $99 billion. Adding the two amounts to $14,310,567,662,931.23. As a reminder the debt ceiling is $14,294,000,000,000.00. In other words, the total US debt just passed the debt limit - break out the Champagne! Granted there is a buffer of $52.2 billion between the total debt and the debt actually subject to the ceiling, meaning that America is not in default, yet. Therefore, the total debt subject to the limit assuming full settlement right now is $14,258,341,662,931. Which means the US is now $35.7 billion away from a bona fide breach of the debt ceiling.
(Excerpt) Read more at zerohedge.com ...
You must realize this is as out of control as the Nuke Plant in Japan.
This should help commodities. Gold, Silver, Copper, Brass and Lead.
That’s why not raising the debt ceiling is NOT an option, yet.
However, I’d like it to be followed by a Trump-style presentation of spending cuts and facts to go along with it so it doesn’t have to be done again.
I disagree. Fukushima was an accident. The debt is intentional and in the end more destructive.
True but out of control too.
Since the Federal Reserve is just making sh*t up and saying their bank balance is bigger when it’s not I’ve decided that my bank account now has $35 billion dollars in it.
As proof here’s my new bank balance:
Megan’s account: $35,000,000,000.02
Now, they are also dealing with a double edged sword. The rising interest rates (A guarantee) will add even more debt.
But Gold and commodities!
This is never going to end! My gosh this nation is going full speed on a collision course and there appears to be no powers that be to stop this!
” no powers that be to stop this! “
Well, there’s always “the sudden stop at the bottom” left....
and I’ll keep buying stuff as long as I have checks in my checkbook
Just PayPal me over a few million, you’ll never miss it.
At least the Japanese are trying to get their nuke plant under control. The 0bama regime and his butt-boy harry reid have no intention of trying to control the deficit. Both should be removed and incarcerated.
"settlement of all of this week's auctions which amount to $35 + $35 + $29 billion (including today) or $99 billion
Looks like we have a day or two left.
We may yet find out what a Debt Ratings Downgrade feels like.
Ride, Bond Vigilantes, Ride!
Dont’ underestimate the power of BOND-AGE-Vampire-Care.
Where they have access to everyone’s $ accounts:
Do not underestimate the power of Vampire-Care, ANYHING can be framed to effect “health”....and can be BOND-AGE leveraged-incremental-taxed/permits.......
..... “health check” A.B.C.D.E.F etc., permit and inspection fee to govt., mandate charge(s), vehicle fed health emisssions charge-permit annual, land health safety inspection-permit annual, domestic living space health inspection permit, fireplace health inspection/burn media permit and volume charge, psych approval form permit fee(if you own a firearm,), mower permit,;carbon-print-check, etc., and other mischief. Annual, bi-monthly, monthly, random, domestic, business, etc., ..... All, some, or, none perhaps......but ANYHING can be framed to effect “health”
Rife with mischief, BOND-age, and bought in corruption....
These so called cuts are Extremely tiny.
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.