Where Will the Treasury Find the Trillions it Needs – That’s Easy!

In 2008, the U.S. Treasury sold about $700 billion in new debt to cover the budget deficit and the non-budgeted excess war spending.  In ’09, it has to raise about $2.0 trillion, nearly three times as much as in ’08.  And FY 2010 shows similar financing needs. There has been a lot of concern that […]