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Thread: US debt jumps a record $328 Billion

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    US debt jumps a record $328 Billion

    U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

    The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.


    Read more: U.S. debt jumps a record $328 billion
    Follow us: @washtimes on Twitter




    LOL. This is what Obama and the Dems were holding out for. Nothing they did will make it any better either, only worse. But the people that are sick of this kind of nonsense are "Stupid", "Lunatics", "hostage takers" and a host of other silly terms designed to hide the problems the government is in. LOL.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by ItAin'tFree View Post
    U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

    The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.


    Read more: U.S. debt jumps a record $328 billion
    Follow us: @washtimes on Twitter




    LOL. This is what Obama and the Dems were holding out for. Nothing they did will make it any better either, only worse. But the people that are sick of this kind of nonsense are "Stupid", "Lunatics", "hostage takers" and a host of other silly terms designed to hide the problems the government is in. LOL.
    The remarkable thing was the $328 billion represents money the Treasury borrowed via "extraordinary measures", to avoid hitting the debt limit.

    So the Treasury borrowed $328 billion to avoid hitting the borrowing limit.




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    Re: US debt jumps a record $328 Billion

    Bah. The treasury can just print money. It doesn't borrow.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by ocean515 View Post
    The remarkable thing was the $328 billion represents money the Treasury borrowed via "extraordinary measures", to avoid hitting the debt limit.

    So the Treasury borrowed $328 billion to avoid hitting the borrowing limit.



    To some people, that makes sense? Afraid so!

    Unfortunately, this was about 1/3 of the money spent, in one day, that they were alloted by the recent deal, as I understand it, and they have several more months to go. Then what?

    Greetings, ocean515.

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    Re: US debt jumps a record $328 Billion

    We had 15 days of payments to make in one day, no duh this happened. You guys were warned that shutting down the gov't could cost taxpyers up to 700 billion and yet you said it fine. Don't blame this on Obama, the extreme-ness of it all falling on one day, and added expenses that make it even higher than it would have been, is all on the heads of Cruz and Co.
    jallman: "It's all good. At least you have a thick skin and can take being poked fun back at without crying. "

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by polgara View Post
    To some people, that makes sense? Afraid so!

    Unfortunately, this was about 1/3 of the money spent, in one day, that they were alloted by the recent deal, as I understand it, and they have several more months to go. Then what?

    Greetings, ocean515.
    Hi Pol.

    As I understand it, the new "debt limit date" is nothing more than a date. Some of the back room bickering centered on spending increases, with the Dems not wanting any dollar amount but only a date in the future (February) when they have to revisit the limit issue.


    Republicans initially sought to attach strings to the debt increase, but surrendered this week, instead settling on a bill that reopened the government and included some special earmark projects, but didn’t include any spending cuts.

    Democrats insisted that the debt increase be “clean,” meaning without any strings attached. They say the debt increase only allows Mr. Obama to pay for the bills he and Congress already racked up, and that it doesn’t encourage new spending.


    Read more: U.S. debt jumps a record $328 billion
    Follow us: @washtimes on Twitter


    So, you're right, what happens then?

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Summerwind View Post
    We had 15 days of payments to make in one day, no duh this happened. You guys were warned that shutting down the gov't could cost taxpyers up to 700 billion and yet you said it fine. Don't blame this on Obama, the extreme-ness of it all falling on one day, and added expenses that make it even higher than it would have been, is all on the heads of Cruz and Co.
    LOL. Try reading the article. This was not a result of the partial shutdown, the treasury had been playing games for the last five months. That "warning" you speak of is hocus pocus by the dems to get suckers and idiots to buy into the idea that the GOP caused this. Another day, just more lies by the Dems.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by ocean515 View Post
    Hi Pol.

    As I understand it, the new "debt limit date" is nothing more than a date. Some of the back room bickering centered on spending increases, with the Dems not wanting any dollar amount but only a date in the future (February) when they have to revisit the limit issue.


    Republicans initially sought to attach strings to the debt increase, but surrendered this week, instead settling on a bill that reopened the government and included some special earmark projects, but didn’t include any spending cuts.

    Democrats insisted that the debt increase be “clean,” meaning without any strings attached. They say the debt increase only allows Mr. Obama to pay for the bills he and Congress already racked up, and that it doesn’t encourage new spending.


    Read more: U.S. debt jumps a record $328 billion
    Follow us: @washtimes on Twitter


    So, you're right, what happens then?
    Ocean, the time periods between hitting debt ceiling limits are getting shorter and shorter, at least that's what it looks like to me. The Dems wanted over one trillion in new spending in the latest fiasco, but settled for $966 billion. And we are going to revisit that in a few months? WTH? One trillion per year used to be the norm. Are we now "going for broke?"...pun intended.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by polgara View Post
    Ocean, the time periods between hitting debt ceiling limits are getting shorter and shorter, at least that's what it looks like to me. The Dems wanted over one trillion in new spending in the latest fiasco, but settled for $966 billion. And we are going to revisit that in a few months? WTH? One trillion per year used to be the norm. Are we now "going for broke?"...pun intended.
    Not according to the left who believe that government debt doesn't matter. For those on the right who don't, we have been broke for a long time. We just haven't gotten the eviction notice yet.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by polgara View Post
    Ocean, the time periods between hitting debt ceiling limits are getting shorter and shorter, at least that's what it looks like to me. The Dems wanted over one trillion in new spending in the latest fiasco, but settled for $966 billion. And we are going to revisit that in a few months? WTH? One trillion per year used to be the norm. Are we now "going for broke?"...pun intended.
    I've been travelling a bit, so I've not been able to keep up on all the bits and pieces, but from what I've read, the Dems settled on the lower amount knowing they were only approving the spending level for a few months. Call it a trick of the wording.

    They approve an annual spending level of $966 billion, but that level is only for a few months. They get the headline, and then start working on the increases they are looking for.

    It would really be interesting to see some talk about jobs and the economy. Only when the tax base is increased, meaning more people are contributing via Fed income tax, will the country ever be able to address this debt cancer.

    The only way that happens is via improvement in jobs and a real growing economy, not this one the President is championing that is set to grind to a halt.

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