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Treasury Sells $29 Billion In Bonds, Bringing Total Settled US Debt To 14.311 Trillion
ZeroHedge ^ | 3/30/2011 | Tyler Durden

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: usdebt; ustreasurybonds
Debt Ceiling Reached??????
1 posted on 03/30/2011 1:07:54 PM PDT by JohnKinAK
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To: JohnKinAK

You must realize this is as out of control as the Nuke Plant in Japan.


2 posted on 03/30/2011 1:10:36 PM PDT by screaminsunshine (Obama Sucks)
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To: JohnKinAK

This should help commodities. Gold, Silver, Copper, Brass and Lead.


3 posted on 03/30/2011 1:11:10 PM PDT by Godebert
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To: JohnKinAK

BookMark


4 posted on 03/30/2011 1:11:57 PM PDT by Revel
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To: JohnKinAK

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.


5 posted on 03/30/2011 1:14:21 PM PDT by RockinRight (C'mon people - enough with the FR circular firing squad.)
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To: screaminsunshine
You must realize this is as out of control as the Nuke Plant in Japan.

I disagree. Fukushima was an accident. The debt is intentional and in the end more destructive.

6 posted on 03/30/2011 1:16:06 PM PDT by Drill Thrawl (I don't prep for the disaster. I prepare for the rebuilding.)
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To: Drill Thrawl

True but out of control too.


7 posted on 03/30/2011 1:17:26 PM PDT by screaminsunshine (Obama Sucks)
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To: JohnKinAK

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 Bank

Megan’s account: $35,000,000,000.02


8 posted on 03/30/2011 1:19:10 PM PDT by MeganC (NO WAR FOR OIL! ........except when a Democrat's in charge.)
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To: MeganC
"Yeah, who the f are they, if they can do it , so can we!
9 posted on 03/30/2011 1:21:31 PM PDT by de.rm (It's not what you look at that matters, it's what you see)
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To: JohnKinAK

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!


10 posted on 03/30/2011 1:22:22 PM PDT by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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To: PSYCHO-FREEP

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!


11 posted on 03/30/2011 1:26:03 PM PDT by caww
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To: caww

” no powers that be to stop this! “

Well, there’s always “the sudden stop at the bottom” left....


12 posted on 03/30/2011 1:34:10 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: MeganC

and I’ll keep buying stuff as long as I have checks in my checkbook


13 posted on 03/30/2011 1:35:38 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: MeganC

Just PayPal me over a few million, you’ll never miss it.


14 posted on 03/30/2011 1:37:45 PM PDT by JohnKinAK
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To: screaminsunshine
You must realize this is as out of control as the Nuke Plant in Japan.

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.

15 posted on 03/30/2011 2:02:17 PM PDT by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: The Sons of Liberty

Or incinerated.


16 posted on 03/30/2011 2:07:38 PM PDT by screaminsunshine (Obama Sucks)
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To: screaminsunshine
The Japanese are trying to spray the reactor with a boron/water solution to slow down the reaction. Obama and gang are spraying more plutonium on the budget reactor. Republicans are accused of being extremists for suggesting that we use 5% less plutonium.
17 posted on 03/30/2011 2:21:03 PM PDT by KarlInOhio (Extremism in the defense of liberty is no vice! Tea Party extremism is a badge of honor.)
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To: JohnKinAK
"Which means the US is now $35.7 billion away from a bona fide breach of the debt ceiling."

"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.

18 posted on 03/30/2011 2:39:36 PM PDT by Uncle Miltie (The 0bamaNation of America slides toward death as planned.)
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To: JohnKinAK

We may yet find out what a Debt Ratings Downgrade feels like.

Ride, Bond Vigilantes, Ride!


19 posted on 03/30/2011 2:42:09 PM PDT by Uncle Miltie (The 0bamaNation of America slides toward death as planned.)
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To: JohnKinAK

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....


20 posted on 03/30/2011 2:52:35 PM PDT by Varsity Flight
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To: KarlInOhio

These so called cuts are Extremely tiny.


21 posted on 03/30/2011 5:12:07 PM PDT by screaminsunshine (Obama Sucks)
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To: MeganC

You married?


22 posted on 03/30/2011 7:54:37 PM PDT by MontaniSemperLiberi (Moutaineers are Always Free)
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