Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt

Posted by $ Your_Name_Goes_Here 9 years, 12 months ago to Economics
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Left pocket, meet right pocket...

Can you imagine this being done in the private sector without an eyebrow being raised?
SOURCE URL: http://cnsnews.com/mrctv-blog/terence-p-jeffrey/ponzi-treasury-issues-1t-new-debt-8-weeks-pay-old-debt


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  • Posted by ObjectiveAnalyst 9 years, 11 months ago
    The numbers are too large to be comprehensible.
    "A departure from principle becomes a precedent for a second; that second for a third; and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering… And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression."
    -Thomas Jefferson
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