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

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Photo Credit: AP

Photo Credit: AP

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.

During those eight weeks, Treasury took in $341,591,000,000 in revenues. That was a record for the period between Oct. 1 and Nov. 25. But that record $341,591,000,000 in revenues was not enough to finance ongoing government spending let alone pay off old debt that matured.

RECORD REVENUE-NOV 25-2014-CHART


The Treasury also drew down its cash balance by $45.057 billion during the period, starting with $126,568,000,000 in cash and ending with $81,511,000,000.

The only way the Treasury could handle the $942,103,000,000 in old debt that matured during the period plus finance the new deficit spending the government engaged in was to roll over the old debt into new debt and issue enough additional new debt to cover the new deficit spending.

Read more from this story HERE.



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Political Cartoons by AF BrancoPolitical Cartoons by Tom Stiglich

Political Cartoons by AF Branco

ALERT ALERT

Angry Dem Impeachment ‘Witness’: Pam Karlan Donated Thousands To Hillary And Was On Clinton’s List For Potential SCOTUS Nomination

Image result for Pam Karlan

The House Judiciary Committee, chaired by Rep. Jerrold Nadler, kicked off its first impeachment circus Wednesday morning.

The four ‘witnesses’ testifying have never actually witnessed any of Trump’s dealings with Ukraine firsthand — the four witnesses are law professors offering legal analysis.

One of the witnesses the Dems rolled out is an angry Hillary Clinton donor who was on Crooked’s list for a potential Supreme Court nomination.

No wonder why this unhinged, dowdy woman is so pissed off!

“Professor Pam Karlan donated thousands of dollars to Democrats and was on Hillary Clinton’s list for a potential Supreme Court nomination. So she certainly has no vendetta against President Trump,” GOP Rep. Mark Walker said.

Congressman Walker also pointed out that Noah Feldman, the Dems first partisan witness in Wednesday’s hearing tweeted about impeaching Trump right after he was sworn in.

Rep. Mark Walker   RepMarkWalker

Meet Noah Feldman, House Democrats first partisan witness.

Look at the date of this tweet. He has been trying to get @realDonaldTrump impeached since 46 days into his presidency.

His reason? Trump criticized President Obama.

This is a sham impeachment with sham witnesses. https://twitter.com/NoahRFeldman/status/839185127494254592 

Noah Feldman @NoahRFeldman

Trump's wiretap tweets raise risk of impeachment http://bv.ms/2mY1ueX  via @BV

Rep. Mark Walker   RepMarkWalker
 

The next witness, Karlan, has donated thousands to Democrats and was on Hillary Clinton’s list for a potential Supreme Court nomination.

So she certainly has no vendetta against @realDonaldTrump.

These witnesses are as serious as House Democrats impeachment case: not at all.

The entire sham show trial is stacked with partisan hacks who have wanted to impeach Trump from the moment he won in November of 2016.

Norm Eisen, the Democrats’ counsel who is blasting Trump and questioning witnesses in Wednesday’s show trial, tweeted about impeaching Trump before Donald Trump was even sworn into office!

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