Thread: Yep. Seems legit.

Meh... it's probably being held artificially until congress is back in session so they don't have to have a special session just so they can raise the debt limit again.

Originally Posted by Hocus Pocus

I'm confused, doesn't that just mean they didn't issue any new debt? Basically saying no t bill matured in the last few moths?

Pretty much.

Originally Posted by Kanati8869

Meh... it's probably being held artificially until congress is back in session so they don't have to have a special session just so they can raise the debt limit again.

Well if what you're saying is true, then it IS bullshit.

Governmental accounting is a total nightmare. One point to remember, a majority of US Debt is held by guess who - the US Government. So these balance of payments issues INSIDE the Treasury are really not that unique or nefarious. It's all a big game of beg from Peter to pay Paul.

Also the incessant focus on the actual dollar amount of debt outstanding is misplaced. The focus should be on the percentage of GDP our national debt represents. That is a more meaningful comparison.

Originally Posted by iravedic

Governmental accounting is a total nightmare. One point to remember, a majority of US Debt is held by guess who - the US Government. So these balance of payments issues INSIDE the Treasury are really not that unique or nefarious. It's all a big game of beg from Peter to pay Paul.

Also the incessant focus on the actual dollar amount of debt outstanding is misplaced. The focus should be on the percentage of GDP our national debt represents. That is a more meaningful comparison.

The US government holds about 65.9% of its own debt.

Originally Posted by iravedic

The US government holds about 65.9% of its own debt.

Thats how things should be. Im running a little low this week better cut myself a check.