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Author Topic: Federal Borrowing Raised To Record Level  (Read 93 times)

bluedeath

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Federal Borrowing Raised To Record Level
« on: January 30, 2006, 06:07:00 PM »
QUOTE
The government expects to borrow a record $188 billion in the January-March quarter, even more than it anticipated three months ago, the Treasury Department announced Monday.


Why put limits on it?  The money will be borrowed regardless.
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xboxbox451

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Federal Borrowing Raised To Record Level
« Reply #1 on: January 30, 2006, 07:22:00 PM »
I guess the Fed's are foreseeing a rosy future. Who can blame them, particularly when just one American corporation generates more revenue than most countries (Exxon earnings).
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pug_ster

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Federal Borrowing Raised To Record Level
« Reply #2 on: January 31, 2006, 09:06:00 AM »
Which is why the US just sell more 30 year treasury bonds.  Let's worry about this problem 30 years later and let our sons and daughters pay for it.

I guess that Fiscal responsibility is not Bush's priority.
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