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U.S. Treasury Drew Down Its Cash Balance by $81.6 Billion in Just First 4 Days of March
Cybercast News Service ^ | 3/7/11 | Terence P. Jeffrey

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 ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: cash; down; drew; treasury

1 posted on 03/07/2011 6:47:30 PM PST by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 03/07/2011 6:49:03 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

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.


3 posted on 03/07/2011 6:51:00 PM PST by apoliticalone (Conservatism is about putting the USA first, not international bankers and corporations)
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To: Nachum; Kaslin; SunkenCiv; ExTexasRedhead; neverdem; Liz; Impy; cripplecreek

Nearly $82 BILLION in four days? I am speechless.


4 posted on 03/07/2011 6:55:25 PM PST by Clintonfatigued (Illegal aliens commit crimes that Americans won't commit)
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To: Nachum

Thanks added it to my Obama dossier.


5 posted on 03/07/2011 6:56:26 PM PST by GlockThe Vote (Who needs Al Queda to worry about when we have Obama?)
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To: apoliticalone
Yes...the Goldman Sacks is makin' a killin'

And what happened? Did the printing presses break?

6 posted on 03/07/2011 6:57:21 PM PST by evad (SHUT IT DOWN!)
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To: Nachum

There must be a bitchin’ party planned for Wednesday at The White Hut.


7 posted on 03/07/2011 6:58:12 PM PST by gathersnomoss
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To: Nachum

New wall paper for Barry’s crapper.


8 posted on 03/07/2011 6:58:50 PM PST by gathersnomoss
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To: apoliticalone

‘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.


9 posted on 03/07/2011 6:59:59 PM PST by UCANSEE2 (Lame and ill-informed post.)
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To: Nachum

I checked it is not in my bank account.


10 posted on 03/07/2011 7:00:06 PM PST by razorback-bert (Some days it's not worth chewing through the straps.)
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To: Nachum

11 posted on 03/07/2011 7:02:15 PM PST by ClearCase_guy
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To: Clintonfatigued
Nearly $82 BILLION in four days? I am speechless.

Yeah... but half of it was used to pay off old debt, and half of it was used to borrow more.

12 posted on 03/07/2011 7:03:15 PM PST by UCANSEE2 (Lame and ill-informed post.)
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To: Nachum

No problem. They will just increase the debt ceiling. Who’s going to stop them? The Republicans?


13 posted on 03/07/2011 7:03:54 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Georgia Girl 2
They will just increase the debt ceiling.

The Sky is the limit.

14 posted on 03/07/2011 7:07:14 PM PST by UCANSEE2 (Lame and ill-informed post.)
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To: UCANSEE2

If you own the printing press there is no end.


15 posted on 03/07/2011 7:09:38 PM PST by Orange1998
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To: Nachum
Well that $105B for Obamacare doesn't grow on trees.
16 posted on 03/07/2011 7:10:25 PM PST by Dr. Sheldon Cooper (The truth can indeed be a finger-down-the-throat for those unprepared to hear it.)
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To: apoliticalone
The Wall Street banksters still have their hooks in our Treasury.

Soon, they are going to have to take IOU's , just like everyone else.

17 posted on 03/07/2011 7:12:45 PM PST by UCANSEE2 (Lame and ill-informed post.)
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To: Orange1998
If you own the printing press there is no end.

And who owns the printing press?

18 posted on 03/07/2011 7:15:18 PM PST by UCANSEE2 (Lame and ill-informed post.)
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To: evad

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?


19 posted on 03/07/2011 7:31:28 PM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government!)
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To: UCANSEE2

China of course! :O)


20 posted on 03/07/2011 7:38:54 PM PST by Orange1998
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To: Clintonfatigued; AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; ...

Hey, that’s only 20 1/2 billion a day. Geez. Thanks Clintonfatigued.


21 posted on 03/07/2011 7:43:52 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: UCANSEE2
Soon, they are going to have to take IOU's , just like everyone else.

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.

22 posted on 03/07/2011 7:46:31 PM PST by apoliticalone (Conservatism is about putting the USA first, not international bankers and corporations)
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To: apoliticalone
Nothing more than talk here as our futures go to hell - but no, let's just keep talking instead of grabbing the ropes to hang all of Wall Street & the perverts that supported them.
23 posted on 03/07/2011 8:15:33 PM PST by newfrpr04 (Don)
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To: Nachum

The evaporation of the tax base is probably the most accurate index of the magnitude of unemployment at this point


24 posted on 03/07/2011 8:17:49 PM PST by mo ("If you understand, no explanation is needed; if you do not, no explanation is possible")
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To: Nachum

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


25 posted on 03/07/2011 9:51:15 PM PST by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: Nachum

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.


26 posted on 03/08/2011 7:30:44 AM PST by Texas resident (Hunkered Down)
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To: Clintonfatigued; sickoflibs; fieldmarshaldj; GOPsterinMA

I’m not.

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.


27 posted on 03/08/2011 4:09:24 PM PST by Impy (Don't call me red.)
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