$773 billion must be paid by August 31 with only $172 billion in revenues

So now you know the true numbers of what not raising the debt ceiling would entail.

US government income :
The Bipartisan Policy Center, a Washington think tank, projects that the government will receive $172 billion in revenues between Aug. 3 and Aug. 31

US government spending :
but it is on the hook to spend $306 billion

US bonds maturing by August 31 :


So... total US government income : 172 billion.
Total that must be spent otherwise default/downgrade : 306 billion + 467.4 billion = 773 billion.

Of course they can always do bond sales... but no way they gonna sell those at the interest we are seeing now. And if the US defaults, it could freeze the bond markets and they wouldn't be able to sell debt...

IMO they will raise the debt ceiling. That's their only way out of this mess... for a little more time.

Quick, someone shine a spotlight of a bald guy with a beard into the night sky, we need helicopter Ben to save us!

Originally posted by filosophia
Quick, someone shine a spotlight of a bald guy with a beard into the night sky, we need helicopter Ben to save us!

Nice one.

Let it all collapse. The ponzi scheme needs to end.

I'm giving her all she's got, Captain, she will not print any faster.

All she's got isn't good enough!

They'll pass the debt increase, they don't have a choice. Besides they won't endanger there own wealth by risking the stock market tanking.

As you can see no matter what little “song and dance” our Political leaders do to entertain us and distract us, the debt ceiling will be raise each and every time.

Not to worry though, the Federal Reserve will buy all the Treasury Bonds that don’t sell.

The FED will just add some zero’s to a computer screen, wa-la, all Bonds sold.

Originally posted by earthling42

comedy genius

reply to post by Vitchilo


We are just paying the interest on the bonds, not paying them off so the $172 billion is okay, read the WSJ article.

Need to stop the spending on Obamacare and discretionary spending to meet all obligations.

When you pay off one bond you can then issue another without raising the debt ceiling. We can handle repaying bonds that come due. What we can't handle without a debt ceiling rise is the general day to day expenses of the federal government. Ultimately we would have no choice but to bring our soldiers home. If they don't pay social security Washington Dc will burn and they know it.

wow, I did not know that much was maturing in August. you also need to add the 300 Billion that was raided out of the Federal pension fund. thats how we are paying for the goverment now is out of that fund

The goverment would need to pay almost a trillion total to cover all its liabilities for August!

This needs to be flaged to the top! The Truth will set us free!

Originally posted by Vitchilo

Of course they can always do bond sales... but no way they gonna sell those at the interest we are seeing now. And if the US defaults, it could freeze the bond markets and they wouldn't be able to sell debt...

They will have to sale half a trillion in bond sales in a month to the public! QE is over so they cant print it(so we are told) The average sale for bonds have been 100 billion in a month historicly