Sequester For 2013 Was Offset By One Day's Debt Issuance

February 28, $80 billion in Treasurys sending debt to (obviously) what is a new all time high $16,687,289,180,215.37.



In other words, the entire apocalyptic impact of the sequester for 2013 was offset by one day's debt issuance.

From Debt To The Penny

Zerohedge

Reinvestments of Principal Payments on Agency Securities into Agency MBS
http://www.newyorkfed.org/markets/AM...purchases.html

It was government schools that taught us all the "new math". You couldn't do this stuff with the old math.