Today is the day when, if one listens to Obama whose idea it was in
the first place, an unprecedented $85 billion spending cuts will be
sequestered,
unleashing famine, pestilence, the apocalypse and grizzly bears (as all
park rangers will be dead from starvation). Which is why we applaud the
administration's desire to preempt this tragic for the nation outcome,
by issuing,
in one day alone: February 28, $80 billion in Treasurys sending debt to (obviously) what is a new all time high $16,687,289,180,215.37.
In other words, the entire apocalyptic impact of the sequester for 2013 was offset by one day's debt issuance.
Oh, and we didn't label this post Friday humor
because it rightfully falls under the Friday grotesque, surreal tragedy
category.
From Debt To The Penny:
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