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"Going Broke: Treasury Down to $58.6B in Cash, $130.5B Borrowing Authority"

Terence Jeffrey, CNS:

Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940–and that you were more than $14,000 in debt.

Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit.

Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government.

There you go. Simply put.

Feel free to use it, GOP leadership. Publicly, even!

Me, I have to go practice my Mandarin and work on my “Jeff’s Super good! You like!” chow mein recipe. Because when the New World Order shows up on my side of the Rockies, I want to be able to make myself useful.

35 Replies to “"Going Broke: Treasury Down to $58.6B in Cash, $130.5B Borrowing Authority"”

  1. Slartibartfast says:

    when the New World Order shows up on my side of the Rockies

    WOLVERINES!

  2. Joe says:

    “??????????“

  3. McGehee says:

    I for one welcome our new Chinese Soprano overlords.

  4. alppuccino says:

    Can’t the Treasury hang out on a street corner and give head jobs for cash till it gets straight?

  5. Abe Froman says:

    I’ve already experienced death threats and angry little yellow people picketing a client over a joke I made in an ad about Chinese restaurants serving dog. You people have comparatively little to worry about.

  6. dicentra says:

    Don’t miss Whittle and Burge’s graphic demonstration of what happens if the gubmint seizes all the wealth from everyone in the country, individuals and bidnesses.

    http://www.youtube.com/watch?v=661pi6K-8WQ

  7. […] The lawmakers will just ask the taxpayers to raise their allowance. […]

  8. Joe says:

    Abe Froman posted on 3/31 @ 12:32 pm
    I’ve already experienced death threats and angry little yellow people picketing a client over a joke I made in an ad about Chinese restaurants serving dog. You people have comparatively little to worry about.

    That is because you probably mistook cat for dog. No wonder they got mad.

  9. Jeff G. says:

    I was once viciously attacked by a little yellow angry person.

    I got so mad, I started shouting anti-Asian epithets and beating the guy in the head with a napkin caddy I wielded like the butt of a Kevin Dillon rifle.

    Turns out I nearly killed a jaundiced midget who was upset because I stepped right over him on and took the last empty bar stool.

  10. JD says:

    Midgets suck. Especially the aggressive one. And the clown ones. And the teeming demonic hordes ones.

  11. Squid says:

    When I lived in the dorm, my Korean-American buddy down the hall pulled the “Yellow American” sign off the deli counter and wore it as a nametag. Our Chinese-American friend upstairs routinely introduced herself as Nuprin: “You know — little, yellow, different, better!” Those were good days.

    Back on topic: if you’re expecting an income tax refund, I hope you filed early.

  12. mongo78 says:

    Back on topic: if you’re expecting an income tax refund, I hope you filed early.

    Oh, better yet, I’m expecting a refund from the State of California. Which is to say, I’ll get nothing and like it.

    From a macro level, I’m taking every chance I get to enjoy good beer and wine and riding fast motorcycles and generally enjoying everything the free market can provide, because I got a feeling it’s all going to go away, and soon.

  13. Jeff G. says:

    I hear you.

    May as well spend now while the dollar is still worth something. Me, I’ve been spending my money on the kind of shit that will make it easy for me, once civilization crumbles, to take what I want from the motherfuckers who got us into this mess.

  14. Slartibartfast says:

    Just one pinch from Jeff can raise a fatally painful blood-blister. You have only yourselves to blame.

  15. agile_dog says:

    Midgets suck.

    Well, they are the right height for it.

    I denounce myself.

  16. agile_dog says:

    And, I got my state tax refund in three days – from Mass.! How is that possible? They can’t keep crap from falling from the roof of the Big Dig, but they can do a tax refund in 3 days? (And not a simple one either – when TurboTax asked me if I wanted to print a copy of my returns and the appropriate worksheets, it estimated them at 73 pages.)

  17. I’m going to open a laundry and learn how to do nails. I’d sell opium to my white brothers, but the mexicans beat me to it.

  18. LTC John says:

    LMC, but do they have the right Afghan sources? I know people in Kapisa Province…

  19. I’ll have to check. BTW, when did Mexicans start wearing pith helmets?

  20. LTC John says:

    I dunno, LMC. Are they drinking gin and tonics and muttering about “the wogs”?

  21. ironpacker says:

    Got my tax return about two weeks ago. Not sure if I should convert it into gold, canned goods, ammo, or some combination of the three.

  22. buzz4t says:

    Ok, I imagined it. Then I imagined cutting back my expenses, so after much discussion, I decided not to spend 50 cents one day on a newspaper. But then my wife told my kids I was too extreme.

  23. When it comes down to needing gold, even lead (as long as it is in a cartridge) will be pretty valuable.

    Personally, I’d focus on silver. It is more readily exchangeable for smaller purchases without overpaying more than necessary for something like a tank of gas or five pounds of flour.

  24. bh says:

    I have a feeling that a couple dozen active yeast cultures will be worth more at this future date.

    Mayor of Beertown. Don’t worry, I’ll be a benevolent tyrant.

  25. bh says:

    At first…

  26. ironpacker says:

    bh, re: Mayor of Beertown; Is it too early to apply to be head of your secret police? I’d best shine up my resume.

  27. bh says:

    You might want to develop your hops raiding skills instead, ironpacker. I’ll be paying top dollar. Scratch that. I’ll be paying top pint.

    There’s a chance we might have to resort back to mugwort or spruce otherwise. No one wants that.

  28. mojo says:

    “ne how ma”

  29. JD says:

    Just as long as you keep the midgets and clowns away from the good stuff.

  30. bh says:

    Midgets, clowns and bacteria, JD. That unholy trinity aligned against every brewer.

  31. Don’t worry, in the new Red Dawn movie, we’re not being invaded by the CVhinese. We’re being invaded by the fracking NORKS.

    Stoopid Hollywood…

  32. […] BTW, we’re fracked. Thus far in March, as itemized in the Daily Treasury Statement released today, the federal […]

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