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American Capital Agency Corp. Message Board

  • reits_r_us reits_r_us Dec 29, 2012 1:39 PM Flag

    March 31st and Feb 3rd

    Keep a note on those dates coming up as 2/03/13 is the day B4 Earnings announcement and March 31st is the deadline for the vote on the debt ceiling limit.

    Should be just another opportunity to scoop up some more AGNC. Go longs!!


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    • Doc,

      Here's what I've been reading:

      Government borrowing will hit the debt ceiling on Monday, Treasury Secretary Tim Geithner said in a letter to Congress Wednesday.

      As a result, the Treasury Department will soon start using what it calls "extraordinary measures" to prevent government borrowing from exceeding the legal limit.

      Such measures include suspending the reinvestment of federal workers' retirement account contributions in short-term government bonds.

      On Monday, debt subject to the limit was just $95 billion below the $16.394 trillion debt ceiling.

      All told, the extraordinary measures can create about $200 billion of headroom under the limit -- normally about two months worth of borrowing.

      I have the debt ceiling dead line the end of Feb rather than the end of Mar.

      GL2UA and go AGNC.


      • 2 Replies to rimboomer
      • The interest on our overspending in 2011 was 454 billion. In 2012 it was a little less due to an accounting trick and december is not yet in.

        So let us call it 500 billion because that is where it will be soon and investment analysts are fond of doing forward earnings to value an enterprise.

        Nice number, 500. because now you can prorate your share based on your state's population. Wisconsin is an average size with a population 5-6million. So our share of the annual interest on the debt is 10billion dollars. Not so long ago that was our annual state budget. Now we give it to debt holders. Very few taxpayers understand it as such. I am usually classified as a liberal, but we have a spending problem.

        Now ten billion dollars.... let's divide that by the number of school districts in our state, 400+/-.
        That is twenty-five million dollars per school district in an average size state every phrickphrackin year. You know how hard it is to get a school referendum approved? We throw that much power away every year. You could build a new secondary school every year in every district in the nation for what we bust our nuts to pay the interest.

        The piper will indeed come calling.

      • reuters.$$$/article/2012/10/28/us-usa-congress-debtceiling-idUSBRE89R0G520121028

        Deepest deadline



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