Administration brings back one-year Treasury security

[maddezmom]

Source: AP

WASHINGTON - The Bush administration, moving to cope with soaring budget deficits, says it is bringing back the one-year Treasury bill that it stopped issuing seven years ago when the budget was in surplus.

The administration said Wednesday it would begin selling the one-year bill, also referred to as a 52-week bill, at an initial auction in June. New one-year securities will be auctioned every four weeks.

The government is looking for various ways to borrow the billions of dollars in extra cash it will need to cover a budget deficit that is expected to jump to an all-time high this year, surpassing the old mark of $413 billion set in 2004.

A big part of the increased borrowing reflects the need to pay for economic-stimulus rebates to 130 million households. The government began disbursing the payments on Monday in an effort to give the economy a jump start.



Read more: http://news.yahoo.com/s/ap/20080430/ap_on_bi_ge/federal_borrowing_4

[DemocratInSoCal]

1. What A Bunch Of FUCKING GARBAGE By The AP, Associated PUSSIES!

"The government is looking for various ways to borrow the billions of dollars in extra cash it will need to cover a budget deficit that is expected to jump to an all-time high this year, surpassing the old mark of $413 billion set in 2004.

A big part of the increased borrowing reflects the need to pay for economic-stimulus rebates to 130 million households. The government began disbursing the payments on Monday in an effort to give the economy a jump start."

The economic FREEBIE checks, have little to do with the budget deficit being so large. They're a factor, but of course, the LAME ap, don't care to mention all the BS we're paying for.

Yeah, so now they're going to blame the record deficit on the $600 checks. FUCKING A, I do not know what it's going to take to fix this country, and this world. I just think we need to die as a race, and start over. Pathetic, just Fucking PATHETIC!