$1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.
The lion’s share of this federal spending went to redeem Treasury securities that had matured during the month—most of which were short-term Treasury bills that have terms of one year or less.
Treasury securities. T-bills. Those are what the fed sells to pay for the spending it has no money for. It's called "borrowing". They borrow money(a loan) from China or Japan or George Soros, in this case for one year, print up some T-bills as collateral, blow the dough, and then pay off the loan - plus interest - in twelve months.
We borrow real money using valueless paper as security. But when we have to buy that junk back, we have to buy them back with real money... Which they get by selling more paper.
So far, that strategy has resulted in a fourteen trillion dollar national debt. We can all now see how what that's working out.
Eight times income. Jeez... No bank on earth would let me do that for a one year loan, month after month after month.
Maybe if I started printing valueless B-bills(Bob bills) and sold them to the Chinese? After all,"we" are the government, and "I" am a part of "we", so it ought to be legal. Right?
OK, then explain to me why you think it's just fine for the feds to do the same thing.