WHOOPS

That $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.

In fact, during March the Treasury redeemed $705.3 billion in Treasury securities of which $623.9 billion were short-term bills with a term of one year or less.Conservative News Network

OK, I get it, Treasury mainly refinanced debt, paying of debt due with borrowed replacement funds. The actual money spent was closer to $300 billion of the $200 billion collected, borrowing only one third of its expenses, or $100 billion.

The point to take away is that when government is managing debt operations that are three times expenses, then the risk of running short of cash is fairly high. This is why the Senate is forced into a three week budgeting cycle. Under normal circumstances, a dispute between houses of Congress would result in a temporary borrowing so they can take six months, a year or an election to straighten things out. But the contradictions between the Senate and House have not been resolved for 30 years, so they always do the temporary borrowing, but never the final resolution.

The problem we face today is a broken government made painfully obvious by information technology.