The U.S. just borrowed $488 Billion - A Record high for the First Quarter

[Straw Man]

Net borrowing totaled $488 billion from January through March, a record for that period and about $47 billion more than it had previously estimated, according to a statement released in Washington. The end-of-March cash balance was $290 billion, compared with an initial estimate of $210 billion

[chaos]

Nice link to the article and graph author.

[Straw Man]

Nice link to the article and graph author.

https://www.bloomberg.com/news/articles/2018-04-30/treasury-s-488-billion-in-borrowing-sets-a-first-quarter-record

[chaos]

No wonder you only posted a clippit.

The opening paragraphs to go with your "graph"

U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after his department said it borrowed a record amount for the first quarter.


“It’s a very large, robust market -- it’s the most liquid market in the world, and there is a lot of supply,” he said in a Bloomberg TV interview on Monday. “But I think the market can easily handle it.”

[Straw Man]

No wonder you only posted a clippit.

The opening paragraphs to go with your "graph"

you're seem to be a clueless as Mnuchin

Of course he's spinning for morons like you

Uh yeah, there sure is a lot of "supply" as Mnuchin said and the market will absorb it.

All we have to do is keep lowering the price (hence offer buyers higher yields)

that's a good thing...right?

[chaos]

you're seem to be a clueless as Mnuchin

Of course he's spinning for morons like you

Uh yeah, there sure is a lot of "supply" as Mnuchin said and the market will absorb it.

All we have to do is keep lowering the price (hence offer buyers higher yields)

that's a good thing...right?

"straw mans" opinion vs Mnuchins opinion.......hmmm

[Straw Man]

"straw mans" opinion vs Mnuchins opinion.......hmmm

that's not an opinion dipshit

that's how the bond market works

[chaos]

that's not an opinion dipshit

that's how the bond market works

You're a fucking idiot and pretty much useless to society. I can see why you vote liberal, moron.

[Straw Man]

You're a fucking idiot and pretty much useless to society. I can see why you vote liberal, moron.

translation = you have no clue what I'm talking about

[Agnostic007]

translation = you have no clue what I'm talking about

   when in doubt... personal name calling... it's like a conservative play book everyone knows about

[chaos]

Liberals, too dumb to realize their opinions aren't facts.

[Straw Man]

Liberals, too dumb to realize their opinions aren't facts.

And you obviously have no clue how the bond market works otherwise you would not be confusing a fact for an opinion

[chaos]

And you obviously have no clue how the bond market works otherwise you would not be confusing a fact for an opinion

This post below is your opinion, you're too stupid to realize it so no further conversation is needed.

The end

you're seem to be a clueless as Mnuchin

Of course he's spinning for morons like you

Uh yeah, there sure is a lot of "supply" as Mnuchin said and the market will absorb it.

All we have to do is keep lowering the price (hence offer buyers higher yields)

that's a good thing...right?

[Irongrip400]

I think it depends on who you ask on whether or not this is a terrible thing. I heard the head of Sterling Capital answer questions on this very issue, and while he didn't like it, he seems to think it won't have any negative affects in the short term, possible long term either. Who knows. Keep pumpin in money, and keep some cash on the sidelines for when it takes a nose dive so you can buy cheap. If shit really hits the fan, grab your ammo. No one can really tell what the future holds.

[Straw Man]

I think it depends on who you ask on whether or not this is a terrible thing. I heard the head of Sterling Capital answer questions on this very issue, and while he didn't like it, he seems to think it won't have any negative affects in the short term, possible long term either. Who knows. Keep pumpin in money, and keep some cash on the sidelines for when it takes a nose dive so you can buy cheap. If shit really hits the fan, grab your ammo. No one can really tell what the future holds.

Don't worry

Republicans will think this is a life or death crisis AGAIN as soon as we have a Democratic POTUS

At that time they won't talk about how their tax cuts didn't create the jobs and growth (thus increasing federal tax revenue as constantly promised yet never actually delivered in reality) and they'll be back wailing and moaning about the debt and deficit as they try to cut social security, medicare ,  etc.

[Coach is Back!]

Don't worry

Republicans will think this is a life or death crisis AGAIN as soon as we have a Democratic POTUS

At that time they won't talk about how their tax cuts didn't create the jobs and growth (thus increasing federal tax revenue as constantly promised yet never actually delivered in reality) and they'll be back wailing and moaning about the debt and deficit as they try to cut social security, medicare ,  etc.

😂😂😂

[andreisdaman]

Liberals, too dumb to realize their opinions aren't facts.

conservatives too dumb to incorporate new information and accept existing logic

[andreisdaman]

Don't worry

Republicans will think this is a life or death crisis AGAIN as soon as we have a Democratic POTUS

At that time they won't talk about how their tax cuts didn't create the jobs and growth (thus increasing federal tax revenue as constantly promised yet never actually delivered in reality) and they'll be back wailing and moaning about the debt and deficit as they try to cut social security, medicare ,  etc.

Good point Strawman.....as soon as we have another Democrat as POTUS all of a sudden the neocons will begin to raise concerns about the deficit again....totally ignoring the fact, as they have always done, that THE VAST MAJORITY OF HUGE DEFICITS HAVE BEEN CAUSED BY REPUBLICAN PRESIDENTS AND THEIR HUGE TAX CUTS....Reagan, Bush, and now Trump have preached that stupid trickle down theory and it HAS NEVER EVER BEEN PROVEN TO WORK....it causes HUGE deficits which the republicans never account for but then bitch and whine about it AS SOON AS DEMS TAKE CHARGE OF THE WHITE HOUSE

YET OBAMA HAD 7-8 YEARS OF FALLING DEFICITS AND ALL HE GOT FROM REPUBS WAS CRITICISM..in terms of deficits, OBAMA WAS THE BEST PRESIDENT THE CONSERVATIVES EVER HAD

[chaos]

 

Good point Strawman.....as soon as we have another Democrat as POTUS all of a sudden the neocons will begin to raise concerns about the deficit again....totally ignoring the fact, as they have always done, that THE VAST MAJORITY OF HUGE DEFICITS HAVE BEEN CAUSED BY REPUBLICAN PRESIDENTS AND THEIR HUGE TAX CUTS....Reagan, Bush, and now Trump have preached that stupid trickle down theory and it HAS NEVER EVER BEEN PROVEN TO WORK....it causes HUGE deficits which the republicans never account for but then bitch and whine about it AS SOON AS DEMS TAKE CHARGE OF THE WHITE HOUSE

YET OBAMA HAD 7-8 YEARS OF FALLING DEFICITS AND ALL HE GOT FROM REPUBS WAS CRITICISM..in terms of deficits, OBAMA WAS THE BEST PRESIDENT THE CONSERVATIVES EVER HAD

https://winteryknight.com/2013/02/20/did-obama-really-cut-the-deficit-the-deficit-by-2-5-trillion/

The facts:
When Obama was inaugurated on Jan. 20, 2009, the federal government’s debt was $10,626,877,048,913.08. As of the close of business on Feb. 14, 2013, the federal government’s debt was $16,540,800,290,147.46. Thus, since Obama has been president, the federal debt has increased $5,913,923,241,234.38. That is more than all the debt accumulated by all the presidents from George Washington through Bill Clinton.

http://www.businessinsider.com/national-debt-deficit-added-under-president-barack-obama-2017-1

Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000.
As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.

[chaos]

 “Every time you borrow you lose some of your sovereignty,”

Brian Lenihan 1959 - 2011 Finance Minister ireland  .

True. And I wonder, how do we come up with the billions of dollars in "aid" money every year for foreign countries if we're borrowing money?

[Irongrip400]

Anybody ever see the movie "Dave"? He brings in his cpa buddy played by Charles Grodin and he's looking over the budget and is like "if I ran my books like this I'd be out of business". Why don't we have decent people balancing our budget? What cuts need to be made to right the ship so to speak?

[andreisdaman]

Anybody ever see the movie "Dave"? He brings in his cpa buddy played by Charles Grodin and he's looking over the budget and is like "if I ran my books like this I'd be out of business". Why don't we have decent people balancing our budget? What cuts need to be made to right the ship so to speak?

I think we have to stop with the tax cuts....they don't work and they just cause more deficits....second we have to make the rich pay their fair share and we have to make the poor pay as well...everybody has to put something into the kitty so everyone can feel like they have equity.....we have to start cutting down entitlements...maybe take a few dollars from each entitlement check and keep doing this for about 7--10 years, taking a few dollars more each year.....this way the pain is felt slowly....second, tax social security as income for those who retire and have a pension of $100, 000 or more...those three things will help but we also have to sell excess government land and also cut 100 billion out of defense each year.....the Europeans have got to kick in more and help us out around the world militarily.... 

[Irongrip400]

I think we have to stop with the tax cuts....they don't work and they just cause more deficits....second we have to make the rich pay their fair share and we have to make the poor pay as well...everybody has to put something into the kitty so everyone can feel like they have equity.....we have to start cutting down entitlements...maybe take a few dollars from each entitlement check and keep doing this for about 7--10 years, taking a few dollars more each year.....this way the pain is felt slowly....second, tax social security as income for those who retire and have a pension of $100, 000 or more...those three things will help but we also have to sell excess government land and also cut 100 billion out of defense each year.....the Europeans have got to kick in more and help us out around the world militarily.... 

I kind of get that and agree, but it will never happen. I don't think it's a left or right thing either. Neither side will blink so it'll never get done, and we will just keep spending until the final downfall of our economy. It seems a simple mistake to fix, but probably never will 

[chaos]

I think we have to stop with the tax cuts....they don't work and they just cause more deficits....second we have to make the rich pay their fair share and we have to make the poor pay as well...everybody has to put something into the kitty so everyone can feel like they have equity.....we have to start cutting down entitlements...maybe take a few dollars from each entitlement check and keep doing this for about 7--10 years, taking a few dollars more each year.....this way the pain is felt slowly....second, tax social security as income for those who retire and have a pension of $100, 000 or more...those three things will help but we also have to sell excess government land and also cut 100 billion out of defense each year.....the Europeans have got to kick in more and help us out around the world militarily.... 

This is a good start. I'd say taxing churches should also be thrown in there. Taking competitive bids on government projects as well, this bullet train to nowhere here in CA is a good example.

[andreisdaman]

I kind of get that and agree, but it will never happen. I don't think it's a left or right thing either. Neither side will blink so it'll never get done, and we will just keep spending until the final downfall of our economy. It seems a simple mistake to fix, but probably never will 

I hope you're wrong but I agree with you