In response to:
Just how will Obama fund his asinine social programs when investors stop buying US Treasury Securities?
Let's see if you can make heads or tails of this vacuous jumble of words from White House Press Secretary Jay Carney:
The question is extremely simple: If Congress agrees to meet the president's demands and hike the debt ceiling without any preconditions, what dollar figure and/or time frame would the president like to see in the legislation? Increasing the debt ceiling isn't a hypothetical or symbolic action. It involves extending the government's ability to borrow a finite amount of money -- you know, actual dollars...
The Fed has almost 3 Trillion on the books now.