Ponzi: Treasury Issues $1T in New Debt in 8 Weeks--To Pay Old DebtBy Terence P. JeffreyCNS News Nov. 30, 2014 |
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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. Read More |