70 Straight Days: Treasury Says Debt Stuck at Exactly $16,699,396,000,000.00

cnsnews.com ^ | July 29, 2013 - 5:21 PM | By Terence P. Jeffrey

[topher]

(CNSNews.com) - According to the Daily Treasury Statement for July 26, which the Treasury released this afternoon, the federal debt has been stuck at exactly $16,699,396,000,000.00 for 70 straight days.

That is approximately $25 million below the legal limit of $16,699,421,095,673.60 that Congress has imposed on the debt.

The portion of the federal debt subject to the legal limit set by Congress first hit $16,699,396,000,000.00 at the close of business on May 17. At the close of every business day since then, it has also been $16,699,396,000,000.00, according to the official accounting published by the Treasury Department.

[upchuck]

How can this be? Simple. Jack Lew is a liar and a criminal. So, what is new?

[I want the USA back]

They really take the public for damned idiot fools.

[uncitizen]

Wouldn’t want that number to start with a 17 during Zeros jobs roadtrip.

[Gaffer]

They are still pumping out $85 Billion dollars per month into buying T-Bills and into the stock market. They have been doing this for over three years.

[SkyDancer]

And the interest charges on that is what, exactly?

[P.O.E.]

182 billion here, 182 billion there - pretty soon you’re talking real money /s

[R_Kangel]

Wow ... this is amazing .... so I bet Republicans are going to use this as a reason why we don't need to raise the debt limit, right? ...... Right?

.... anybody there?

[VerySadAmerican]

They print $80,000,000. How does it get into the economy?

[kempster]

What a great solution to the debt problem, just stop it.

If they hire a smarter techie maybe they could get it moving backwards.

[SECURE AMERICA]

I call Bullshit!
They say it is stuck at 16,699,396 and a bunch of zeroes

The US Debt clock is ticking away and currently shows the debt at 16,882,410, and a bunch of zeroes

Someone is LYING.................

[antidisestablishment]

They were sequestered.

[BenLurkin]

Chicago style corruption at the highest levels of government.

[topher]

Your computer math is bad...

2**10 x 2**10 x 2**10 > 10**9
1024 x 1024 x 1024 > 1,000,000,000

Now that is not even 32 bits

So 2 ** 60 (just 60 bits) > (10 ** 9) * (10 ** 9) = 10 ** 18

If you count the digits, then you 5 digits(billions) + 9 (hundreds of millions) + 2 (cents).

This is only 16 digits.

There are 18 digits in 2 to the 60th (2 ** 60) (at least).

[444Flyer]

"...If they hire a smarter techie maybe they could get it moving backwards."

Yep. They must have used musicians this time round.

Freeze Frame.

[ClearCase_guy]

They print $80,000,000. How does it get into the economy?

First, it gets put on a slow boat to China.
Then, it gets off-loaded in Shainghai.
Then, the Chinese use it to build empty cities in which no one lives.

And that is how it gets into the (Chinese) economy and how the modern world increases wealth. We used to do it differently, but somewhere along the way we forgot how.

[andyk]

Jack Lew is too busy looking into IRS conservative witch hunts to be bothered with this.

[The Working Man]

Whoa, hold on there... Didn’t I just read today that the Feds are going to need to borrow and additional 440 Billion or so for this fiscal year.

[Lazamataz]

You failed to notice the ^* disclaimer?

[Graewoulf]

Impeachment File on Benghazi Coward “B. Hussein Obama,” formerly known as Barry Soetoro, currently a Legal Citizen of the Sovereign Nation of Indonesia.

[ken in texas]

They print $80,000,000. How does it get into the economy?

You need to ask the really smart people like Jacob Lew about that... I hear he has all the answers. /s