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FIXED INCOME
- Yield 2.712% vs. Exp. 2.698%
- B/c 2.63 vs. Avg. 2.80 (Prev. 2.79)
- Indirect 39.1% vs. Avg. 51.45% (Prev. 49.31%)
- Allotted at high 22.94%
Have no fear the New World Order will save you...
But be patient, they just need a li bit more money first..
Originally posted by CosmosKid
reply to post by WillNiendick
You want it to collapse? Your tired of this stupid country? but you don't want anybody to get "violent" right? Because everyone is just so material you know? like far out! Saying you "want it to collapse" is like going out in the woods and hand feeding a 2000 lb grizzly bear PB&J sandwiches! Talking about a world of hurt! If you want it to collapse, by extension you want to see people suffer (Like they aren't already!) So grab your wonder bread, your peanut butter and your jelly and go hide in the woods because if there is a collapse, it WILL be stupid, and lots and lots of people WILL get hurt. Pretty stupid Huh? Be carefull what you wish for because if you haven't figured it out, the Universe has a pretty twisted sense of humor, some people even call it Karma!
Originally posted by imawlinn
reply to post by WillNiendick
If your tired of this country pick a new one!
Babye
Originally posted by Gab1159
So what happened finally? Did it effectively collapse? What do you mean by "official only by Tuesday"?
Originally posted by 13th Zodiac
I had enough about the ceiling, keep thinking about that song
The roof
the roof
is on fire
the roof
the roof
is on fire
let that ---- burn !
Originally posted by Gab1159
So what will happen on Tuesday if they don't raise the debt ceiling? Will the dollar suddenly crumble?
Well tomorrow has came and went and they did not raise the debt ceiling but they will. They dont have a choice.
Here are Obama’s thoughts on the debt limit in 2006, when he voted against increasing the ceiling:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better
In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not bother to vote. (He did vote for TARP, which increased the debt limit by $700 billion.)
Originally posted by Shenon
Well...guess how this will go tomorrow in the News? Big Headline in every News "Obama killed" and in small Letters somewhere way down on every Site reads "Oh by the way,the US has defaulted...but Osama is still dead,so all is good,party away"
What a great Distraction
While DC may continue playing its debt ceiling soap opera, crunch time for the Treasury is approaching as the first of three auctions is on deck: the first one for $32 billion in 3 Year Notes. The total raised will be $72 billion without any offsets from maturities. Elsewhere, the Treasury will catch a $16 billion break after it settles $100 billion in Bill maturities offset by $84 billion in new issuance, yet still the net total of $56 billion in new debt seems to be a slight problem since as of Friday, there was just $23 billion in total capacity under the debt ceiling. Granted, the Treasury has already announced it is commencing the tapering off of other debt programs such as the State and Local Government (SLGs) which however will have at most $5-10 billion in favorable impact per month. It is also cutting its debt issuance forecast in half, likely due to an expectation of maturing old Bills without rolling these, a feat which will consume all if not more of the $108.9 billion in total cash available at the Treasury.