One plus one is two.
So if we average another 1.62 trillion next year for the federal deficit,
and the QE2 damage of $1,560 billion, or 1.56 trillion when converted into it's lowest proper form, the additional extra damage that will be added to the Nation Deficit will only be another mere 3.18 trillion.
Now add that, to yesterdays total $13,742,152,458,274.
Rough guesstimate: 17 Trillion
Government Debt And Deficit Update:
October is now in the books from a Treasury perspective
We borrowed $107.2 billion more last month. This follows $112 billion in September, and brings the total thus far for this calendar year to $1.357 trillion.
This is a run rate of $1.629 trillion for the year.
TBAC Results - READ THIS (QE2 related)
The TBAC (Treasury Borrowing Advisory Report) is usually quite dry and boring.
Well, it is this time too.
Except for one small piece....
The presenting member stated that the market expects the Federal Reserve to purchase $100 billion per month, as well as $30 billion per month in MBS reinvestments. This will total $1,560 billion in Treasury purchases over the next year. The member stated, however, that market participants believe the Fed will leave the status of QE2 open ended, with purchases ultimately dependent on economic conditions. The presenter also noted that the program should last six months to two years.
