The Treasury announced Thursday a record $104 billion worth of bond auctions for next week, part of its herculean efforts to finance a rescue of the world’s largest economy.

The sales will exceed the previous record of $101 billion set in auctions that took place in the last week of April and consist of two-year, five-year and seven-year securities. That record was matched by another $101 billion week in May.

Though next week’s total was broadly in line with expectations, worries about supply have weighed on the U.S. government bond market, which will see a mammoth $2 trillion worth of new debt issued this year.

“Maybe the Treasury market reacted a little negatively and it will continue to be like this,” said Suvrat Prakash, U.S. interest rate strategist with BNP Paribas in New York. “Supply announcements and auctions on the horizon will make the market a bit nervous about upcoming debt.”

Bond prices were lower already in anticipation of the Treasury’s announcement and continued to sell off in reaction.

via Treasury to Auction $104 Billion In Debt Next Week, a Record – Bonds and Treasuries * US * News * Story – CNBC.com.

It’s the “Who Want’s to Own America Deal” round number three tomorrow.  So far China seems heavy in the bidding with Russia dropping out shortly before half-time while lagging behind in 6th place.  However, don’t discount the rich Oil Shieks across the Middle East participating as well they may be in a distant third but they’ve been stockpiling the oil money for years now.   We’ve still got a way to go before we learn who our children and grandchildren will be slaves too.  Thanks to the wonder’s of media we can learn who the politicians in Washington Democrat and Republican alike have sold us into slavery too in real time!!!

Reports have indicated that Senators Chuck Grassley (R-IA) and Dick Durbin (D-IL) plan to introduce a bill that would limit the ability of companies to hire H-1B employees.[1] Arguing that H-1B visa recipients are a threat to American workers, their proposal would add new layers of regulation and procedures making it more difficult for companies to hire foreigners.

by James Sherk and Diem Nguyen

via Restricting H-1B Visas Is Bad for Business and the Economy

This weekend I’m off to Tennessee to see  a good friend.   He is graduating from graduate school with an MBA.  He’ll be returning to his country of birth to create value there not here.   He is a smart, hardworking, well-educated, and recently a family man.  He came to the states for college, returned to his country of birth to serve the required military service, and then returned here for graduate school. 

Because of Republican and Democratic politicians like those mentioned in the article above he will not be adding value to our economy because the rules are to cumbersome for a company to be able to hire a bright talent like my good friend.   Even though they have tried, even though he worked hard in his internship, even though he is just as qualified as many American’s, it’s treated like a zero-sum game. 

And on top of the ignorance of the zero-sum game mentality we let millions of uneducated Mexican’s just walk across the boarder use our hospitals and suck up our social services without benefit to this country.  But let a foreigner come over here legally, help him get a good education at a state school where he works hard, and then force him to leave. 

Yes, America that is what is thought of as “good policy” by Republican and Democrat alike.  We might as well just outlaw higher education altogether it would do the job much quicker then this slow painful process that everybody pretends is “good policy”.

“This is not only about the health of individuals in our country, which will be justification enough. It’s about the competitiveness of our businesses to make them globally competitive because they are competing with companies and countries where the federal government — their governments — pay for health care. They don’t have to bear those health care costs.” - Nancy Pelosi

Show me ONE federal government that pays for health care.  ONE SINGLE FEDERAL GOVERNMENT! Name it! JUST ONE.  In fact I’ll let you off easy! NAME ONE SINGLE FEDERAL GOVERNMENT THAT PAYS FOR 1% OF IT’S CITIZEN’S HEALTH CARE! 

Thanks to Neal Boortz for the intelligent information.