Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
Cybercast News Service ^ | August 26, 2013 - 5:47 PM | Terence P. Jeffrey

Posted on 08/26/2013 10:24:19 PM PDT by Olog-hai

The Treasury Department’s latest official daily accounting of the U.S. government’s receipts, expenditures and borrowings—released this afternoon at 4:00 p.m.—indicates that the legally limited debt of the federal government has now been exactly $16,699,396,000,000 for 100 straight days.

The Daily Treasury Statement released today showed the status of the government’s accounts as of the close of business on Friday, Aug. 23. Because the Treasury does no business over the weekend, the federal government’s debt did not change on Saturday or Sunday.

The statement for Aug. 23 said the federal debt subject to the legal limit set by Congress was $16,699,396,000,000—or $25 million below the current limit of $16,699,421,000,000. Every Daily Treasury Statement since May 17 has also shown the legally limited debt at $16,699,396,000,000, or $25 million below the limit. …

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: 17trillion; nationaldebt; sequester; ustreasury

1 posted on 08/26/2013 10:24:19 PM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai

This is actually really interesting. But who cares. All that matters, is that one thinks with ‘HIS’ emotions. Let’s all bow down to the fricken progressives.


2 posted on 08/26/2013 10:46:03 PM PDT by FreeperCell
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Do you know what this means? Obama has balanced the budget.


3 posted on 08/26/2013 10:48:57 PM PDT by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

If the passage of time is troublesome, I’m sure the Obama solution will be to simply stop the clocks.


4 posted on 08/26/2013 10:49:27 PM PDT by EternalVigilance ('Endowed by their Creator,' not by men.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vince Ferrer

I thought meant it meant they have officially given up on pretending they aren’t cooking the books.


5 posted on 08/26/2013 11:34:04 PM PDT by Trod Upon (Every penny given to film and TV media companies goes right into enemy coffers. Starve them out!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Trod Upon

Well that was interesting....


6 posted on 08/26/2013 11:34:41 PM PDT by Trod Upon (Every penny given to film and TV media companies goes right into enemy coffers. Starve them out!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Olog-hai

this is bs. black president == illegal bookkeeping.


7 posted on 08/26/2013 11:35:38 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Secret Agent Man

“this is bs. black president == illegal bookkeeping.”

Oh come on now, it’s not a crime if they don’t report it! That’s the new theme of the idiot media complex./S


8 posted on 08/26/2013 11:57:37 PM PDT by 9422WMR (: " Tolerance is the virtue of a man who has no convictions".)
[ Post Reply | Private Reply | To 7 | View Replies]

To: 9422WMR

This is bothersome because it means that they are lying on how much they actually owe. This drastically increases, not decreases risk.


9 posted on 08/27/2013 12:07:34 AM PDT by JCBreckenridge
[ Post Reply | Private Reply | To 8 | View Replies]

To: Olog-hai

Everything from a DNC lead agency is a lie.

Everything.


10 posted on 08/27/2013 12:27:28 AM PDT by NoLibZone (The reason we are where we are today is the belief that posting on a website will fix the nation.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

either they’ve been paying any overage with newly printed money without recording it... or they’ve just stopped recording the debt

neat trick

i think we should all do that... freeze our income and liabilities as of may 17th, 2013.

of course, just like interest due on the debt, any taxes due would be estimated on the frozen number

gee.. it’s wonderful when you can just fundamentally change things to your benefit without a care in the world!


11 posted on 08/27/2013 12:32:51 AM PDT by sten (fighting tyranny never goes out of style)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

With the level of lies and lawlessness from the current administration, I’m surprised that any decent people consider this government legitimate.


12 posted on 08/27/2013 2:40:42 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

The Ministry of Truth has spoken. Who are you to doubt their word?


13 posted on 08/27/2013 2:45:03 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vince Ferrer

LOL! Good One!


14 posted on 08/27/2013 3:28:49 AM PDT by silverleaf (Age takes a toll: Please have exact change)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Olog-hai

According to the story, Treasury is creating “headroom” by dipping into the civil service retirement funds. IOW, Team Obama is pilfering the pension system. The silence of the federal employee unions is deafening.


15 posted on 08/27/2013 3:32:48 AM PDT by sphinx
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

So if they can do it for 100 days they can keep doing it. Problem solved.


16 posted on 08/27/2013 3:47:43 AM PDT by Kozak ("Send them back your fierce defiance! Stamp upon the cursed alliance! To arms, to arms.....")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

This is a reflective example of “political thinking”, which is not above reversing cause and effect. It is as if by not acknowledging it, the government can prevent the reality of exceeding the debt limit. Much of progressive government operates in this manner.

The same thing is coming to light in China where bureaucrats have routinely fudged economic numbers to please their superiors. Now, no one knows what the real numbers are.


17 posted on 08/27/2013 4:11:43 AM PDT by Flick Lives (We're going to be just like the old Soviet Union, but with free cell phones!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: sten
they’ve just stopped recording the debt

You mean 'reporting' the debt.  This looks a lot like what happened in 2011, they just froze the 'official' debt--

--and after the fuss the debt continued where it was.

18 posted on 08/27/2013 4:17:27 AM PDT by expat_panama
[ Post Reply | Private Reply | To 11 | View Replies]

To: EternalVigilance

That won’t stop day and night from happening, though. And there are still people skilled at telling time by looking at the sun’s position.


19 posted on 08/27/2013 5:43:23 AM PDT by Olog-hai
[ Post Reply | Private Reply | To 4 | View Replies]

To: FreeperCell

I’m so impressed at the Fed’s debt management abilities!


20 posted on 08/27/2013 9:35:53 AM PDT by jayrunner
[ Post Reply | Private Reply | To 2 | View Replies]

To: jayrunner

It’s a Festivus miracle.


21 posted on 08/27/2013 9:52:05 AM PDT by FreeperCell
[ Post Reply | Private Reply | To 20 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson