Treasury plans to borrow $305 billion this quarter

[Roland99]

Source: MarketWatch

The U.S. government is expected to borrow $305 billion in the current quarter, an estimate about $21 billion more than previously forecasted, the Treasury Department said Monday. Higher outlays and lower receipts led to the increase in borrowing needs, Treasury officials said. The government borrowed $286 billion in the July-through-September quarter. Treasury assumes an end-of-December cash balance of $60 billion. For the January-March quarter, Treasury said it expects to borrow $541billion with a cash balance of $60 billion. This would be the second highest quarterly borrowing on record. The agency will announce on Wednesday the sizes and terms of the auctions that it holds four times a year to finance the debt.

Read more: http://www.marketwatch.com/story/treasury-plans-to-borrow-305-billion-this-quarter-2011-10-31-15090?link=MW_home_latest_news

[Tansy_Gold]

1. From whom? n/t

[RUMMYisFROSTED]

2. From Thin Air.

[Yupster]

5. Probably the Fed

which moves the imaginary money from one pocket to another. Then there's the social security trust fund and the other government funds.

Talk about your ponzi schemes.

[mike_c]

3. from the wealthy, presumably, whom we used to tax, but from whom...

...we now borrow money at interest. We even tax their profits from the investment at a lower rate than the tax rates working wage earners pay.

[Amonester]

4. It's like the Fed loans the 0.00001% at 0.00001% so the 0.00001%

can loan back the same loans to the empty Treasury at much higher interests.

I bet a few politicians MUST be getting some KICKBACK$ somewhere from that blatant FRAUD.