This is a lot like Wimpy saying "I will gladly pay you Tuesday, for a hamburger today" (with fingers crossed behind his back while hoping Tuesday never comes).
No one paid much attention when the US Treasury a few weeks ago started to buyback its own debt.
- They just bought back another $10 billion of their own debt, the largest debt buyback in its history. So far.
[read: .Gov is in trouble]
As Q2 ends, ignore the traditional 'painting' of the ticker tape and pay attention to THIS!
.Gov is paying off its credit card by using another credit card.
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