Ponzi: Treasury Issues $1T in New Debt in 8 Weeks–To Pay Old Debt – Worthy News

Wow, borrowing from Peter to pay Paul if I ever saw it.

The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.

 

Ponzi: Treasury Issues $1T in New Debt in 8 Weeks–To Pay Old Debt – Worthy News.

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