Skip to comments.Treasury Was Open for Business on Third Day of ‘Shutdown:’ Issued $106B in New Debt
Posted on 10/06/2013 10:49:57 AM PDT by Olog-hai
Although politicians and the press have generally referred to what has been happening in the federal government since Tuesday, Oct. 1 as in a shutdown or partial shutdown, that did not prevent the U.S. Treasury from being open for business on Thursdaythe third day of the shutdown and issuing $106.291 billion in new debt, according to the Daily Treasury Statement released at 4:00 p.m. on Friday.
Even though the net debt held by the public declined by $5.039 billion in Thursday, and the cash reserved declined by $33.080 billion, according to the Daily Treasury Statement, the same statement said the public debt subject to the legal limit set by Congress remained exactly $16,699,396,000,000.
(Excerpt) Read more at cnsnews.com ...
Sooo ... what was bought on the shopping spree ?
The Goldman Sachs boys strike again.
Either continue shovelling more debt dollars all the while, or shut the economy down, too. Without a large manufacturing base physically on U.S. soil for generating more real revenues, those are the choices. To facilitate such a manufacturing base, local socialist zoning ordinances/laws against new, small manufacturing businesses on rural properties would have to be repealed. Generations of rotten influence and leadership are stubborn and won’t allow that, so have fun. Enjoy the slide.
I hope I can make it to the bank tomorrow to get some cash before the crash.
Bumper sticker: GET CASH BEFORE THE CRASH!