US on track to borrow most money since 2008 financial crisis: report

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
And just where are the howling teabaggers now?
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The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.

Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.


https://www.msn.com/en-us/news/poli...since-2008-financial-crisis-report/ar-BBLjgQC
 
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Republicans intentionally engineer trillion dollar deficits, so they can later claim there is not enough money for infrastructure, social security, education, and health care, and science programs. IN other words, the deficits are their fault, but other people have to pay for it.
 
guno said:
And just where are the howling teabaggers now?
2a6fbe974b9612156e667d71e60ea59e--republican-party-what-s.jpg



The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.

Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.
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But tax cuts! MAGA! Wall! Muslims! Jobs! Economy!
 
guno said:
The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.
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illogical, since Obama borrowed $10T over an eight year period........he had to have borrowed more than a trillion EVERY year after 2008.......
 
Cypress said:
Republicans intentionally engineer trillion dollar deficits, so they can later claim there is not enough money for infrastructure, social security, education, and health care, and science programs. IN other words, the deficits are their fault, but other people have to pay for it.
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you really are this ^^^^ stupid aren't you.
I didn't think that was possible
 
countryboy said:
Tax cuts actually increase revenue. The problem is spending. And yes, many of us still complain about it.

What, libs are suddenly fiscal conservatives? Is this a joke? Satire?
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Yes, just like when your company gives everyone a 10% cut in pay, it increases revenue. Well, maybe for them. Not for you. Surely you don't believe that voodoo economics rot, do you?
 
countryboy said:
The problem is spending. And yes, many of us still complain about it.
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Disingenuously.

You guys manufacture deficits, then cry about the deficits you manufactured and say we have to cut spending on those you sanctimoniously judge because of the deficits your tax cuts caused.

That's fiscal terrorism.
 
Cypress said:
Republicans intentionally engineer trillion dollar deficits, so they can later claim there is not enough money for infrastructure, social security, education, and health care, and science programs. IN other words, the deficits are their fault, but other people have to pay for it.
Click to expand...

Yep, over and over again
 
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