We sure will miss Michele Bachmann, Empress of Crazytown, when she leaves the House of Representatives to more intimately torture the people of Minnesota on a daily basis.
While the government continues to borrow (well, issue new debt), it also continues to repay debt - all US Treasury bills, bonds and notes have a fixed maturity date on which the Treasury must pay out their face value. If you redeem a bond and issue a bond for the same amount, you've "continued to borrow", but your total debt has not changed. This is completely normal.
For the month of June, the Treasury had a surplus of well over $100 billion, in large part due to Fannie and Freddie repaying their bailouts to the tune of over $50 billion.
Your second paragraph is the short answer. The debt has not increased for 56 days (or whatever) because the Treasury ran a fucking surplus during that period.
This is the kind of thing where a reporter could insert one sentence of explanation that would actually help to educate the reader.
Also, she's lying about her conversation with Heli-Ben. For all my mixed feelings about him, I'm sure he knows that surplus === debt goes down.
MIchelle Bachmann is the craziest woman to ever hold a congressional seat. -More amazing then her wonton silliness and outright idiotic thinking are the voters who elected her. Who are these people?Sarah Palin and Michelle Bachmann will go down in history as two dolts that got elected by even dumber voters.
This woman graduated from William and Mary Law School; passed the state Bar Examination and was certified by the Bar overseers as fit to practice law with all which that fiduciary relationship to clients involves.
I love how all of them insist on comparing the "state" to "their home" - because that's all they know, goshdangit
And testicles climb to safety!
While the government continues to borrow (well, issue new debt), it also continues to repay debt - all US Treasury bills, bonds and notes have a fixed maturity date on which the Treasury must pay out their face value. If you redeem a bond and issue a bond for the same amount, you've "continued to borrow", but your total debt has not changed. This is completely normal.
For the month of June, the Treasury had a surplus of well over $100 billion, in large part due to Fannie and Freddie repaying their bailouts to the tune of over $50 billion.
She truly is going out kicking and screaming.
this.
speaking as a girl, michele and sarah (and christine et alia) embarrass me.
Your second paragraph is the short answer. The debt has not increased for 56 days (or whatever) because the Treasury ran a fucking surplus during that period.
This is the kind of thing where a reporter could insert one sentence of explanation that would actually help to educate the reader.
Also, she's lying about her conversation with Heli-Ben. For all my mixed feelings about him, I'm sure he knows that surplus === debt goes down.
MIchelle Bachmann is the craziest woman to ever hold a congressional seat. -More amazing then her wonton silliness and outright idiotic thinking are the voters who elected her. Who are these people?Sarah Palin and Michelle Bachmann will go down in history as two dolts that got elected by even dumber voters.
If you are one of the Minnesotans that voted for Bachmann... shame on you, shame, shame, sham on your face.
Michelle Bachmann's autobiography should be called "When Crazy Got Elected: The unbelievable story of Michelled (crazy horse) Bachmann."
Hi.
You're a little late to the party, but come on in...
(Points to the article date: 7/19/2013)
This woman graduated from William and Mary Law School; passed the state Bar Examination and was certified by the Bar overseers as fit to practice law with all which that fiduciary relationship to clients involves.
Not everyone who graduates from college has common sense. Bachmann is a perfect example of a college graduate who is an idiot.
...and a heart, and some courage to recognize how bugfuck crazy she is. The most of the Wizard of Oz cast right there.
I love how all of them insist on comparing the "state" to "their home" - because that's all they know, goshdangit
edit: <i>There&#039;s</i> most of the Wizard of Oz cast right there.
I think of him as more of the flying monkey type.