Off Topic Forums => General Chat => Politics, News and Religion => Topic started by: bluedeath on January 30, 2006, 06:07:00 PM
Title: Federal Borrowing Raised To Record Level
Post by: bluedeath 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.
Title: Federal Borrowing Raised To Record Level
Post by: xboxbox451 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).
Title: Federal Borrowing Raised To Record Level
Post by: pug_ster 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.