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Tue Mar 27, 2018, 09:46 AM

Trump needs $300 BILLION this week for the Treasury......

http://money.cnn.com/2018/03/27/investing/us-debt-sale-record-treasury/index.html

Well.....revenue is quickly declining because of those MASSIVE Corporate/RICH give away tax cuts. What a SHOCK!!!

"The United States plans to sell about $294 billion of debt, according to the Treasury Department. That's the highest for a week since the record set during the 2008 financial crisis. Federal revenue is declining because of President Trump's tax cuts, so the government needs to borrow more to make ends meet. At the same time, Washington's borrowing costs have climbed rapidly in recent months.

"The amount of debt coming on the market this week is extremely large," said Rick Rieder, global chief investment officer of fixed income at BlackRock, the world's largest asset manager."

23 replies, 4066 views

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Arrow 23 replies Author Time Post
Reply Trump needs $300 BILLION this week for the Treasury...... (Original post)
Bengus81 Mar 2018 OP
democratisphere Mar 2018 #1
gratuitous Mar 2018 #8
Bernardo de La Paz Mar 2018 #12
erronis Mar 2018 #13
Turbineguy Mar 2018 #2
democratisphere Mar 2018 #4
Fullduplexxx Mar 2018 #3
onethatcares Mar 2018 #5
spanone Mar 2018 #6
Beartracks Mar 2018 #19
Achilleaze Mar 2018 #7
Bengus81 Mar 2018 #9
pangaia Mar 2018 #10
safeinOhio Mar 2018 #15
pangaia Mar 2018 #20
Pluvious Mar 2018 #16
pangaia Mar 2018 #21
Pluvious Mar 2018 #22
NCTraveler Mar 2018 #11
djacq Mar 2018 #14
magicarpet Mar 2018 #17
Mountain Mule Mar 2018 #18
NCTraveler Mar 2018 #23

Response to Bengus81 (Original post)

Tue Mar 27, 2018, 09:58 AM

1. drumpf, Mnuchin and Mulvaney need a lesson in math.

When we already spend more than we take in, giving away even more to the wealthiest is only going to make our situation more dire. The encore performance of worse than 2008 cometh.

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Response to democratisphere (Reply #1)

Tue Mar 27, 2018, 10:47 AM

8. They understand the math very well

That's why they and their wealthy cronies will be sucking up U.S. debt this week like a Hoover vacuum cleaner. They'll get paid back out of the Treasury, guaranteed, and the money that could have gone to, oh, let's say building roads or fixing schools, won't be wasted there, but will be spent lining their pockets.

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Response to gratuitous (Reply #8)

Tue Mar 27, 2018, 11:49 AM

12. Exactly. The 0.1% don't invest tax cuts, they park it. They lack opportunities, not money.


Unless they have lots of ideas like Elon Musk, they don't create much new business. But they are very good at inflating the price of real estate and art.

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Response to gratuitous (Reply #8)

Tue Mar 27, 2018, 12:04 PM

13. Isn't this exactly what they did to Greece, Iceland, and other debt-ridden countries?

Come in with big promises to take care of the problems, present a nice contract, get binding signatures, and wait for the crash - and total ownership.

Could don-the-dump be conniving with wall-street and other moneybags to sell the US assets to take care of interest payments? Stay tuned for the next week's episode of "Suckers!"

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 10:08 AM

2. No sweat.

He can just ask Maduro.

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Response to Turbineguy (Reply #2)

Tue Mar 27, 2018, 10:27 AM

4. Holy Bolivar. Great idea!

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 10:25 AM

3. Kr

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 10:27 AM

5. I know, I know

Let's start a war........yipppeeeee

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 10:29 AM

6. republicans always leave us bankrupt

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Response to spanone (Reply #6)

Tue Mar 27, 2018, 12:46 PM

19. And Republican voters can't figure that out. n/t

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 10:35 AM

7. republicans always drag America's economy into a SHITHOLE

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 11:23 AM

9. China holds $1.17 TRILLION of our debt--and Donnie is going to tell THEM what to do?

This latest round of tinkle down is ALREADY imploding after just a few months--and giving Corporations their tax cut for all of 2017. Wait until mid-April when the first 1/4 of estimated taxes are due and payable and watch how much less comes in.

This is going to be another Bush.IDIOT DISASTER.

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 11:35 AM

10. does this mean the yield on T-Bills will go Up or DOWN?

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Response to pangaia (Reply #10)

Tue Mar 27, 2018, 12:07 PM

15. looks like 10 year notes are down a hair.

But, to sell that much debt, rates will have to rise.

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Response to safeinOhio (Reply #15)

Tue Mar 27, 2018, 03:24 PM

20. Thank you.

I own T-Bills and 1 year Treasuries..The last year the yields were going up nicely, then the last few months, much more slowly.

.


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Response to pangaia (Reply #10)

Tue Mar 27, 2018, 12:14 PM

16. Increasing demand to borrow requires offering more interest , and...

... The more we borrow, the more debt we accumulate.
Which in turn means the greater our risk of default.

Which means the more interest we must offer.

Too much of what we borrow now goes to just pay the interest on our debt.

As interest rates climb, so rises the maintenance cost of old debt, so we must borrow more.

It's a pattern that leads to a worsening situation, that cannot end well.

Good thing our leader is such a brilliant bidnessman.

We are so fucked.

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Response to Pluvious (Reply #16)

Tue Mar 27, 2018, 03:26 PM

21. Thanks. About 10-15 years ago BIL predicted a total meltdown of the economy,

like hasn't been seen even in the Depression.

Looks like he is about to be shown to be right.

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Response to pangaia (Reply #21)

Tue Mar 27, 2018, 03:40 PM

22. There's only a few ways it can play out...

Once borrowing becomes problematic, remaining options include...

1) "Print" more funny money (sell moar the to FED)
2) Sell off hard assets
3) Default on the debt
4) Raise taxes

Long term, our biggest problem is the "unfunded liabilities," which we're leaving to the next generation. Along with a deteriorating environment, and crumbling infrastructure.

Our grandchildren will curse our name.

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 11:37 AM

11. Bannons dream. This is it. Nt

 

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 12:07 PM

14. The Orange Clown has his hand out

Unbelievable!

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 12:15 PM

17. Crash the financial system...

then impose stringent austerity programs taking an ax to "entitlement programs" for the lower classes while the upper classes are given ever more tax reforms and cuts to induce them to invest. Then all the newly created wealth will trickle down through the economy and everyone especially the poor will magically become wealthy. Ayn Rand type social engineering and economics comprised of hyper Fascist Capitalism with specific design and intent to create a Oligarchic Class.

Sold as if a recipe for success - that just needs to be implemented.

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 12:21 PM

18. The US should sell Alaska

It worked for the Russians and we'd be rid of Sarah Palin.

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Response to Bengus81 (Original post)

Tue Mar 27, 2018, 03:41 PM

23. Time for a Russian loan?

 

Like the Trump Org, that is about where our countries credit is at.

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