Borrowing Through the U.S. Treasury's "Fast Money Tree"

The Need to Balance Austerity and Growth in the 21St Century

Business & Finance, Finance & Investing, Finance
Cover of the book Borrowing Through the U.S. Treasury's "Fast Money Tree" by Dr. Michael William Sunner, AuthorHouse
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dr. Michael William Sunner ISBN: 9781477217252
Publisher: AuthorHouse Publication: July 27, 2012
Imprint: AuthorHouse Language: English
Author: Dr. Michael William Sunner
ISBN: 9781477217252
Publisher: AuthorHouse
Publication: July 27, 2012
Imprint: AuthorHouse
Language: English

The continuing U.S. Governments debt ceiling crisis is an anomaly characterized by a dysfunctional Congress that previously approved the budgetary expenditures for a multitude of government programs that now requires that same body to approve raising the ceiling to pay for those same program expenditures. The U.S. Treasury then dutifully raises the necessary cash to pay these bills and maturing debt through selling (auctioning) an ample supply of various marketable debt securities (bills, notes, bonds and TIPS) through Treasurys Fast Money Tree. Treasury's goal is to sell or auction its securities at the lowest possible cost to the taxpayer in order to finance the U.S. government's operations and make up the difference between government revenues (taxes, fees, etc.), and the actual program costs. To accomplish this essential mission, Treasury sells (through approximately 280-300 auctions each year) approximately $7 to $8 trillion in marketable debt in the global financial markets to 21 Primary Dealers and over 200 other entities that include foreign central banks and hundreds of thousands of retail investors through a remarkably fast, efficient, and robust electronic system - the Treasury Automated Auction System ("TAAPS"), which I refer to as the Fast Money Tree. Simply put, Republicans want to decrease government borrowing and spending without raising taxes to stimulate economic growth, and Democrats want to also decrease government borrowing and spending, while increasing revenues (e.g., taxes on the very wealthy and ensuring that everyone pay their fair share of taxes. This book also argues for a sensible balance between spending cuts and increased revenues in order to promote economic growth. In any case, the Fast Money Tree must persist in carrying out its essential mission to raise the cash needed so the U.S. Governments essential government operations can continue unabated.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The continuing U.S. Governments debt ceiling crisis is an anomaly characterized by a dysfunctional Congress that previously approved the budgetary expenditures for a multitude of government programs that now requires that same body to approve raising the ceiling to pay for those same program expenditures. The U.S. Treasury then dutifully raises the necessary cash to pay these bills and maturing debt through selling (auctioning) an ample supply of various marketable debt securities (bills, notes, bonds and TIPS) through Treasurys Fast Money Tree. Treasury's goal is to sell or auction its securities at the lowest possible cost to the taxpayer in order to finance the U.S. government's operations and make up the difference between government revenues (taxes, fees, etc.), and the actual program costs. To accomplish this essential mission, Treasury sells (through approximately 280-300 auctions each year) approximately $7 to $8 trillion in marketable debt in the global financial markets to 21 Primary Dealers and over 200 other entities that include foreign central banks and hundreds of thousands of retail investors through a remarkably fast, efficient, and robust electronic system - the Treasury Automated Auction System ("TAAPS"), which I refer to as the Fast Money Tree. Simply put, Republicans want to decrease government borrowing and spending without raising taxes to stimulate economic growth, and Democrats want to also decrease government borrowing and spending, while increasing revenues (e.g., taxes on the very wealthy and ensuring that everyone pay their fair share of taxes. This book also argues for a sensible balance between spending cuts and increased revenues in order to promote economic growth. In any case, the Fast Money Tree must persist in carrying out its essential mission to raise the cash needed so the U.S. Governments essential government operations can continue unabated.

More books from AuthorHouse

Cover of the book How to Get Your Dream Job in 60 Days by Dr. Michael William Sunner
Cover of the book Contract Administration Pitfalls and Solutions for Architect-Engineering Projects by Dr. Michael William Sunner
Cover of the book Worlds of the Parallel Universe by Dr. Michael William Sunner
Cover of the book The Rali by Dr. Michael William Sunner
Cover of the book Pursuit and Protection of Knowledge by Dr. Michael William Sunner
Cover of the book Righteous Reaction by Dr. Michael William Sunner
Cover of the book Slapped! by Dr. Michael William Sunner
Cover of the book Pull Your Nose Up by Dr. Michael William Sunner
Cover of the book Woodstock by Dr. Michael William Sunner
Cover of the book Ramblings of an Old Man by Dr. Michael William Sunner
Cover of the book Murder in Napa by Dr. Michael William Sunner
Cover of the book The Bug Alphabet Book of Rhymes & Verse by Dr. Michael William Sunner
Cover of the book Allawe by Dr. Michael William Sunner
Cover of the book Seeking Paradise by Dr. Michael William Sunner
Cover of the book Beatnik by Dr. Michael William Sunner
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy