Posts
There Goes The Sequester
1
March, 2013
Today
is the day when, if one listens to Obama whose idea it was in the
first place, an unprecedented $85 billion spending cuts will
be sequestered,
unleashing famine, pestilence, the apocalypse and grizzly bears (as
all park rangers will be dead from starvation). Which is why we
applaud the administration's desire to preempt this tragic for the
nation outcome, by issuing, in
one day alone: February
28, $80 billion in Treasurys sending debt to (obviously) what is a
new all time high $16,687,289,180,215.37.
In
other words, the entire apocalyptic impact of the sequester for 2013
was offset by one
day's debt issuance.
Oh,
and we didn't label this post Friday humor because it rightfully
falls under the Friday grotesque, surreal tragedy category.
From Debt
To The Penny
:
No comments:
Post a Comment
Note: only a member of this blog may post a comment.