Treasury Issues Fresh Batch Of 10 Year Bonds ($24 Billion Of Debt)

[SEE3772]

http://www.treasurydirect.gov/instit...20121107_2.pdf

The US is now at 103% debt/GDP... ever closer to the debt ceiling breaching $16.4 trillion. But don't worry! Over the next 4 years, the US government will add another $6-8 trillion in debt.



All Debt Is Not Created Equal

Starting Off With A Bang: In First Month Of Fiscal 2013, US Adds $195 Billion In Debt

Congressional Research Service (CRS) Report: Welfare Government’s Single Largest Budget Item In FY 2011 At Approx. $1.03 Trillion

Dow Jones Industrial Average Celebrates "Four More Years" With Biggest Drop In A Year, Financials Hit Hard & AAPL Enters Bear Market!

[CuteOldGuy]

(Sarcasm alert!)

Didn't you read austxjr's post? Debt is irrelevant. We need to keep spending. Spending more than we take in is good for the economy. Debt is good for everybody! And don't worry if you can't pay it back, just print more money!

What a great idea!