Menu Close

US Continuing to Issue New Debt Despite Debt Ceiling, Is A Time Bomb

The Federal Government has continued to issue new debt despite the debt ceiling. It has done so by using its big pile of cash to pay down the debt it owes to Social Security and to government and military pension fund beneficiaries. That internal debt is included in the debt subject to limit. By paying down the internal debt, the government makes room to add to its public debt. It thus maintains a regular schedule of new issuance.

That ticking sound you hear is a time bomb.

Treasury Pro Trader subscribers (or Professional Edition), click here to download complete report in pdf format.

Subscribe to and read this report in the Treasury Supply and Demand Pro Trader, risk free for 90 days.

Enter your email address in the form to receive email notification when Treasury Supply and Demand reports are posted. Select the reports for which you want to be notified from the list in the form.

[wysija_form id=”4″]

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading