PIC: Congress Wall St. bailout vs. Federal Reserve's--are you sure we have a democracy?

[yurbud]

Or does the bank and Wall Street run Federal Reserve just let us think that, so we don't tar and feather them right now?

[begin_within]

1. Obama admin. + Congress had an opportunity to force reforms before giving the bailout,

but did not. Just handed over the cash. That was very telling. No, we don't have a democracy, we have a plutocracy.

[yurbud]

3. I wonder how many more times people will vote without seeing a change before the

shit hits the fan.

[EFerrari]

4. To be fair, the bailout was that cokehead not Obama. n/t

[yurbud]

5. Obama had a chance to put some strings on the second half and chose not to.

[divvy]

8. sorry, but you are wrong again.

do you really know how the capital markets work? When a trillion worth of US Treasury bonds mature, then 1 Trillion must be paid out which is what is going on right now. We have to pay today's operating costs AND the principal on all maturing debts. It is the short-term debt obligations of the bush administration that are killing us.

Lets see:

Prescott bush ... Union banking corp financed NAZI's during WWII .... ENORMOUS banking scandal
Prescott Son HW bush ..... president during the S&L scandal .... 1T taxpayer bailout
HW son Neil bush ..... Central figure in the cause of the S&L scandal
2nd son shrub bush ..... president that bankrupted our country ..... largest banking scandal and fraud in history.

Are you noticing the trend here?

This part is NOT Obama's fault. It is the Republican Bastards that have brought this to our door.

[yurbud]

9. so tell me again what that has to do with the bailout?

And I in no way meant to let the Bushies off the hook, but Obama had a chance to break with their policies in dealing with the bailout and chose not to.

[divvy]

12. The Treasury needs to print money to pay off OLD debts.

For example, the war in Iraq. Much of it was paid for by selling shorter term (5-10 year) Treasury bonds. The bushtapo got 1 Trillion dollars, and the US taxpayer paid the interest (near zero) during his administration. The U.S. Taxpayer paid about 2.5 to 3 cents per 100 dollars.

These bonds are maturing and we do not have the money laying around to return it to those who bought the bonds. Instead of paying 2.5 cents each year, we have to return the $100 that we borrowed. There is a HUGE difference between paying 2.5 cents and 100 bucks; especially when you extend that out to 1 Trillion dollars.

Meanwhile the republic-craps would not let tax revenues be increased during the largest (bushtapo made) financial disaster since the great depression. NO money was coming in, and the republican bastards were borrowing as much as they possibly could.

All these loans came due on our watch. We have been paying the interest only on the republican debt and the balloon payment came due.



You will notice that in 2010, the US Treasury mas making efforts to increase the average maturity on outstanding debt hoping that it would decrease to 53%

The above chart is slide 7 from this US Treasury presentation:

http://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Documents/Monday%20chart%20template%20Feb%202010_Final.pdf

[divvy]

14. So, provide a link to your data please ....

I think I might know which information you used by mistake.

[Lorien]

2. Gotta wonder just who is unreccing this

We have a few professional infiltrators in our midst. Maybe that should be considered an honor?

[divvy]

7. no, the post is misleading .... it omits the refinancing of republican debt

[divvy]

6. Much of the big black dot was refinancing PAST (Bush) debt

When a $100 bond matures then the principal ($100) must be returned to the bond owner. Meanwhile, only interest payments (or 3.5 cents in this case) are required.

The AVERAGE MATURITY of ALL outstanding US Treasury Debt in 2010 was only 5 years. The republican bastards created a debt bomb by financing their shit with short term notes. They knew (and know) full well that we need this huge sum of money to pay THEIR obligations.

This is the real story that is not being told.

Google US Treasury Quarterly Refunding Chart. Check page 7 of the 2010 pdf files.

[yurbud]

10. connect the dots to the bailouts please.

[divvy]

15. Hi Bud, where is the link to your data?

Where did you get the information for the O.P.

[leveymg]

11. Has anyone seen a decent breakdown on how that $16T is calculated? Thanks.

[divvy]

13. Most of the 16 Trillion is about repaying OLD debt.

Most of it is Republican debt. When you buy a treasury bond for $100, you are loaning uncle sam a hundred bucks. He promises to pay you back in 5 years. Meanwhile, he pays you 2.5 cents each year until the balloon payment must be made.

Well, the republican bastards gave us a debt bomb by financing 8 years of their stuff on short term debt. 16 Trillion is the projected amount to repay all the OLD loans and keep government open at the same time.



You will notice that in 2010, the average maturity (date Sam returns the money) of ALL outstanding U.S. Treasury debt was only 5 years.

This is really NOT about new spending, it is about paying off OLD debts. The two were boot strapped together for the first time ever by the republicans. It creates an effective mirage.