Borrowing Through the U.s. Treasury's Fast Money Tree: The Need to Baance Austerity and Growth in the 21st Century - Couverture rigide

Sunner, Dr Michael William

 
9781477217245: Borrowing Through the U.s. Treasury's Fast Money Tree: The Need to Baance Austerity and Growth in the 21st Century
Couverture rigide
ISBN 10 : 147721724X ISBN 13 : 9781477217245
Editeur : Authorhouse, 2012

Synopsis

The continuing U.S. Government's debt ceiling crisis is an anomaly characterized by a dysfunctional Congress that previously approved the budgetary expenditures for a multitude of government programs that now requires that same body to approve raising the ceiling to pay for those same program expenditures. The U.S. Treasury then dutifully raises the necessary cash to pay these bills and maturing debt through selling (auctioning) an ample supply of various marketable debt securities (bills, notes, bonds and TIPS) through Treasury's "Fast Money Tree." Treasury's goal is to sell or auction its securities at the lowest possible cost to the taxpayer in order to finance the U.S. government's operations and make up the difference between government revenues (taxes, fees, etc.), and the actual program costs. To accomplish this essential mission, Treasury sells (through approximately 280-300 auctions each year) approximately $7 to $8 trillion in marketable debt in the global financial markets to 21 Primary Dealers and over 200 other entities that include foreign central banks and hundreds of thousands of retail investors through a remarkably fast, efficient, and robust electronic system - the Treasury Automated Auction System ("TAAPS"), which I refer to as the "Fast Money Tree". Simply put, Republicans want to decrease government borrowing and spending without raising taxes to stimulate economic growth, and Democrats want to also decrease government borrowing and spending, while increasing revenues (e.g., taxes on the very wealthy and ensuring that everyone pay their fair share of taxes. This book also argues for a sensible balance between spending cuts and increased revenues in order to promote economic growth. In any case, the "Fast Money Tree" must persist in carrying out its essential mission to raise the cash needed so the U.S. Government's essential government operations can continue unabated.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The continuing U.S. Government's debt ceiling crisis is an anomaly characterized by a dysfunctional Congress that previously approved the budgetary expenditures for a multitude of government programs that now requires that same body to approve raising the ceiling to pay for those same program expenditures. The U.S. Treasury then dutifully raises the necessary cash to pay these bills and maturing debt through selling (auctioning) an ample supply of various marketable debt securities (bills, notes, bonds and TIPS) through Treasury's "Fast Money Tree" Treasury's goal is to sell or auction its securities at the lowest possible cost to the taxpayer in order to finance the U.S. government's operations and make up the difference between government revenues (taxes, fees, etc.), and the actual program costs. To accomplish this essential mission, Treasury sells (through approximately 280-300 auctions each year) approximately $7 to $8 trillion in marketable debt in the global financial markets to 21 Primary Dealers and over 200 other entities that include foreign central banks and hundreds of thousands of retail investors through a remarkably fast, efficient, and robust electronic system - the Treasury Automated Auction System ("TAAPS"), which I refer to as the "Fast Money Tree" Simply put, Republicans want to decrease government borrowing and spending without raising taxes to stimulate economic growth, and Democrats want to also decrease government borrowing and spending, while increasing revenues (e.g. taxes on the very wealthy and ensuring that everyone pay their fair share of taxes. This book also argues for a sensible balance between spending cuts and increased revenues in order to promote economic growth. In any case, the "Fast Money Tree" must persist in carrying out its essential mission to raise the cash needed so the U.S. Government's essential government operations can continue unabated.

Biographie de l'auteur

Dr. Sunner has worked in various federal, state, regional, and local government programs for over 40 years. He also served as an Officer in the U.S. Air Force during the Vietnam War. He accepted a career appointment with the U.S. Treasury in 1988; he holds a Master's and Ph.D. in Political Science with specialties in Public Administration, Constitutional, International, and Public law. His doctoral dissertation dealt with "Newsmen's Privilege, and First Amendment Rights" He has published several articles on debt collection and Treasury debt financing (1985-1995), and co-authored an article (1999) explaining the fungibility of Treasury interest payments for inflation-indexed securities (TIPS). In May 2004, he published an article on "Continuous Improvement in Treasury's Debt Management Program" He also co-authored a publication in 2007 entitled "U.S. Treasury Auction Compliance: How Dealer Visits are Conducted, What is Discussed and Treasury Expectations for Auction Participation" He and his wife Jennie reside in Springfield, Virginia, and they have two sons, William and Stephen, and a beautiful granddaughter, Sadie Cate Sunner.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Authorhouse
Date d'édition
2012
Langue
anglais
ISBN 10 
147721724X
ISBN 13 
9781477217245
Reliure
Relié
Nombre de pages
310
Coordonnées du fabricant
non disponible
Personne responsable
KreGa Onlinehandel GmbH
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info@krega-onlinehandel.de

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Brakel
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Autres éditions populaires du même titre

9781477217269: Borrowing Through The U.S. Treasury's "Fast Money Tree": The Need to Balance Austerity and Growth in the 21st Century

Edition présentée

ISBN 10 :  1477217266 ISBN 13 :  9781477217269
Editeur : AuthorHouse, 2012
Couverture souple