g5000
Diamond Member
- Nov 26, 2011
- 127,175
- 70,922
- 2,605
The US needs to borrow almost $300 billion this week
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.
I bet when Trump said he was going to undo everything Obama accomplished, the rubes didn't know Trump meant he was going to outspend Obama.
Trump is a YUGE spender. Now he has to borrow $300 billion this week to cover his spending.
Not even Obama had to borrow that much in one week.
And that money has to be borrowed from our enemies. Enemies like China.
The United States ran a $215 billion deficit in February, the biggest in six years. The annual budget deficit could exceed $1 trillion as soon as next year, according to the Committee for a Responsible Federal Budget. The fiscal watchdog group recently warned that interest payments on US debt alone could quadruple to $1.05 trillion by 2028 if current policies stay in effect.
What can I say? I hate being Number Two!
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.
I bet when Trump said he was going to undo everything Obama accomplished, the rubes didn't know Trump meant he was going to outspend Obama.
Trump is a YUGE spender. Now he has to borrow $300 billion this week to cover his spending.
Not even Obama had to borrow that much in one week.
And that money has to be borrowed from our enemies. Enemies like China.
The United States ran a $215 billion deficit in February, the biggest in six years. The annual budget deficit could exceed $1 trillion as soon as next year, according to the Committee for a Responsible Federal Budget. The fiscal watchdog group recently warned that interest payments on US debt alone could quadruple to $1.05 trillion by 2028 if current policies stay in effect.
What can I say? I hate being Number Two!
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