"The ridiculous, self-inflicted debt ceiling-fest cost the US government $1.7 billion dollars."

[ProSense]

Josh Marshall

The ridiculous, self-inflicted debt ceiling-fest cost the US government $1.7 billion dollars. That's the amount of additional interest the USG had to pay investors when it went into the market to see Treasury bills on Monday.

Quoting CNNMoney: "To be precise, the extra cost is $1,721,250,000 more in interest payments than the government would have needed to pay investors just two weeks ago, when they were willing to accept far lower rates before the debt ceiling became a crisis."

[tanyev]

1. Thanks, Teabaggers.

How's that 'fiscal responsibility' workin' out for ya?


:sarcasm:

[FSogol]

2. Keep up the good "werk" teabaggers.

:puke:

[mopinko]

3. and whom does this benefit?

i, for one, am not really wondering why this charade happened. because someone was making money on it, that's why.

[treestar]

4. Teabaggers too stupid to have realized that

complexities are something they don't do. Posturing is.

[tigereye]

9. exactly, although Paul Solomon was saying on the New Hour

that the rate at which T - Bonds were selling had steadily declined despite the crisis- that they were still considered an excellent investment despite all the House shenanigans.


It could easily be that I fail to understand the bond and other markets, however. :rofl:

[Phx_Dem]

5. Thanks for increasing the debt,Teabaggers.

[Enrique]

6. that's some expensive Kabuki theater n/t

[Supersedeas]

10. in their minds, it will only justify even deeper cuts in Social programs that they hate

wasting money is all part of the Shock Doctrine

[Tennessee Gal]

7. This is not the only infuriating result of their actions.

Teabaggers, exhausted from the ordeal of keeping money safe for Bazillionaires, went home until after Labor Day. Guess they were too tired to deal with the FAA Shutdown, which has about 4,000 Federal Employees out of work without pay plus more than 100 companies working on airport renovations and construction have no work to offer employees and the companies might have to close down if they can't get work someplace else.

There is also have a fortune in taxes that are not being collected, generously gifting airlines, who raised their prices to be able to collect the money that would have gone to taxes. It's running about $30 mil a DAY! That's $210 mil a WEEK!.

And all of this will continue until after Labor Day.

[hootinholler]

8. Thanks to Koch Bros and Dick Armey!

I bet they are positioned well to take a piece of that almost $2 BILLION

-Hoot