Can Treasury effectively (click title to entry - thank you) choose among 80 million monthly
payments so that 40 - 45% of bills are NOT paid?
– Inflows and outflows do not match up well and are quite “lumpy,” as our daily analysis shows
The above statement is take from a 'daily analysis' of the federal budget after default.
The statement is on page nine and the daily analysis begins on page 21. The pages from 9 through 20 is a discussion of 'scenarios.'
On August 12 there is finally a $1 Billion surplus. Now, with all the past debt unpaid from August 3rd where is the one billion going to go? Probably carried over to August 13.
Page 35 states:
Conclusions
• The risks are real:
– The Treasury market, interest rates
– Level and status of the dollar
– Our economy
– The global financial system
• No guarantee of the outcome; risks are risks
