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U.S. Debt Expected To Soar This Year
Lori Montgomery
Washington Post
Saturday, Jan 3, 2008
With President-elect Barack Obama and congressional Democrats considering a massive spending package aimed at pulling the nation out of recession, the national debt is projected to jump by as much as $2 trillion this year, an unprecedented increase that could test the world’s appetite for financing U.S. government spending.
For now, investors are frantically stuffing money into the relative safety of the U.S. Treasury, which has come to serve as the world’s mattress in troubled times. Interest rates on Treasury bills have plummeted to historic lows, with some short-term investors literally giving the government money for free.
But about 40 percent of the debt held by private investors will mature in a year or less, according to Treasury officials. When those loans come due, the Treasury will have to borrow more money to repay them, even as it launches perhaps the most aggressive expansion of U.S. debt in modern history.
(ARTICLE CONTINUES BELOW)
With the government planning to roll over its short-term loans into more stable, long-term securities, experts say investors are likely to demand a greater return on their money, saddling taxpayers with huge new interest payments for years to come. Some analysts also worry that foreign investors, the largest U.S. creditors, may prove unable to absorb the skyrocketing debt, undermining confidence in the United States as the bedrock of the global financial system.
While the current market for Treasurys is booming, it’s unclear whether demand for debt can be sustained, said Lou Crandall, chief economist at Wrightson ICAP, which analyzes Treasury financing trends.
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14 Responses to “U.S. Debt Expected To Soar This Year”
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January 3rd, 2009 at 6:50 am
it’s NOT a national debt, it’s a congressional debt. they athorized it, take it out of their pay !
http://www.youtube.com/watch?v.....annel_page
goldieshouse.piczo.com
January 3rd, 2009 at 7:57 am
You bet it is. Read Rise of the Fourth Reich as this is all planned and working quite nicely with a few hitches> as for you money changing fallen angel demons> we shall be waiting for the day ON PENTECOST TWO THOUSAND TWELVE> NICE COMPUTER HACK JOB LOVE TO ALL OTHERS< THE REMNANT
January 3rd, 2009 at 9:35 am
I don’t understand. Only 2 trillion? I thought it was a very big deal when the National Debt hit 10 trillion a few months back. But roughly since October I thought the Fed was making and giving away an average of 1.2 Trillion per week. Roughly $4,000 per week from every man, woman and child in the US. That is thge 700 Billion Bailout that was really 5 Trillion to start, and then unlimited after that. Hasn’t the Fed taken in the pasty several weeks more money than the grand total of the National Debt? Doesn’t that mean it has more than doubled? I don’t understand.
January 3rd, 2009 at 9:51 am
the national debt is huge huge huge, it has more than doubled since October, they are just hiding the numbers as it obviously shows that they are doing it on purpose
January 3rd, 2009 at 9:54 am
Wait until that debt flies out of the Treasury and into commodities and hard assets. The inflation will be fast and destablizing. People need to convert some of those holdings to physical gold and sit on it for a few years, let the tidal wave pass.
January 3rd, 2009 at 9:56 am
What would Warren do in these times? Find out:
http://www.whatwouldwarrendo.com
January 3rd, 2009 at 10:35 am
No manufacturing base, millions of jobless, no propertys that can be taxed without facing a army of lawyers from the well to do, and no middle class. There is no way the Federal Govt can even pay the interest on the debt anymore. Away we go.
January 3rd, 2009 at 12:09 pm
More Gover… Debt more slavery twoards THE PEOPLE. But the Central Bankers are loveing it (Rothchilds ) Keeping control of the (World by enslaving Goverments into DEBT) U Patriots out there need to spread the WORD this is the ROOT of the PROBLEM. KEEP UR EYES ON THOSE BANKERS. LIncoln and others should have goten reed of those pests A long time ago cause as U Patriots Know They came out winning(JFK)
January 3rd, 2009 at 2:52 pm
I.m sick and tired of all this crap the government is and has done.I say let the economy fail and hopefully more Americans will see the truth in whats happening so those of us can rise up and take back this nation for which it was founded by WE THE PEOPLE.Let the war begin!
January 4th, 2009 at 5:37 am
ENGAGE THE INFORMATION WAR THAT WE’RE IN FOLKS. IT’S TIME 2 UNITE & FIGHT.
DON’T LET THESE NEO-SCUM BLOOD-SUCKING BASTARDS WIN !!!!!
POWER 2 THE PEOPLE, BY THE PEOPLE, 4 THE PEOPLE
VIVA LA REVOLUTION ………………………….. MR ALEX JONES 4 EL PREZIDENTAY !!
January 4th, 2009 at 10:07 pm
Not a problem! Americans in the past have paid their debts with sea shells and glass beads.
January 5th, 2009 at 3:47 am
INFORMATION IS THE BEST WEAPON TO USE AGAINST THESE NEO-SCUM BASTARDS !!
IT’S TIME FOR ALL INFOWARRIORS TO STEP UP, STEP FORWARD, AND POLLUTE THE
WORLD WITH OUR COLLECTIVE KNOWLEDGE OF CONSCIOUSNESS. 1 LOVE !!!!!!!!!!!
TIME TO GIVE POWER BACK 2 THE PEOPLE, GIVEN BY THE PEOPLE, & GIVEN 4 THE PEOPLE
AND SO BEGINS THE REVOLUTION …………………………………………….
………”RON PAUL”……………………….”ALEX JONES”………………………….”DAVID ICKE”……….
…..FOR PRESIDENT…………….FOR VICE-PRESIDENT………….FOR SECRETARY-OF-STATE…..
January 5th, 2009 at 6:58 am
Where are they going to get this money?
Keynesian “total government control” economics dictates that the government spend more so they will, but borrowing money and giving it to your cronies has never been known to work.
Our whole “democracy” is about politicians getting money in exchange for contracts. When a company owner gives you 100,000 dollars and their competition does the same thing, isn’t it ALL corrupt? He is giving it to you just because he likes you? Come on, how dumb can you get?
January 5th, 2009 at 11:21 am
WHAT IF?
……….the 10 Trillion Dollars were spent on weapons to kill YOU.
……….the globalists had you all blocked in like they are in the Gaza.
……….the Government had your DNA and could design a weapon to kill ONLY YOU.
……….all of the chemtrails you see in the skies were part of a plan to weaken your immune system.
………the stuff that you see on television was all a trick like The Truman Show.
………Doctors really don’t care for your health and only do things to make you come back.
………America was really just a big Corporation and in bed with all the others.
………everything you thought you knew about history was ALL created to help shape your entire thought process and make you more easily controlled.
……..there were really Aliens that created hybrids and are walking among us right now.
……..the bible was only created as a means to control the world and make you docile.
……..there were events soon to take place on a global scale that will kill millions of people and the government claims that they can only afford to save themselves.
……..the government already had underground bunkers with plans to move into them soon.
……..this 10 Trillion dollars was meant to save only the politicians and elite from whats coming.
……..they really could control the weather and made trillions by your refusal to believe it.
……..the gasoline engine has been obsolete for more than 60 years, believe it!