Spend Spend Spend

Why not? It’s the only thing they can be said to be good at

Treasury Auctions To Take US Over Debt Ceiling On Monday

By Jeffrey Sparshott and Jeff Bater, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- The Treasury Department auctioned $56 billion in new debt Tuesday and Wednesday, enough to take the U.S. over its federal debt ceiling when the three- and 10-year notes settle on Monday.

Treasury officials last month flagged May 16 as the day the government would hit the $14.294 trillion debt limit.

The U.S. is selling $72 billion in new debt over three days this week. The Treasury auctioned $32 billion in three-year notes Tuesday and $24 billion in 10-year notes Wednesday, and will sell $16 billion in 30-year bonds Thursday. All of the auctions will settle Monday.

As of Tuesday, total debt subject to the limit was $14.274 trillion, according to the Treasury Department.

…The federal budget deficit widened in April, with the government spending $ 40.49 billion more than it collected last month, a Treasury Department report said Wednesday.

April April April. There’s something about that month which rings a bell somewhere.

Oh yeah: it’s when all of us suckas pay our taxes. So in the month when government “income” is highest…they still managed to spend $1.35 BILLION dollars per day more than they took in.

They are not serious in DC.

Boned, we are boned.

5 Responses to “Spend Spend Spend”

  1. Gary from Jersey says:

    Where are the kids? Why are Gens X, Y and whatever not pissed off, organized and plotting war against the people who bankrupted them? They can’t find jobs, college loans are killing them but they just sit there watching Snooki. We’re not boned. They are.

  2. They are being taken care of by their enabling parents, Gary.

    And when the time comes for the kids to take care of their parents, they will reap what they sow.

  3. JeffS says:

    What do you mean, “They are not serious in DC”? Of course they’re serious.

    They’re serious about boning us.

  4. tree hugging sister says:

    I’m worried about you guys and all the sexual references.

    Is it Timmah’s pointy ears or Teh Present’s mom jeans…?

  5. Kathy Kinsley says:

    “Teh Present’s mom jeans”

    Grumble I’s ALMOST digested my supper.

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