Skip to comments.100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
Posted on 08/26/2013 10:24:19 PM PDT by Olog-hai
The Treasury Departments latest official daily accounting of the U.S. governments receipts, expenditures and borrowingsreleased 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 governments accounts as of the close of business on Friday, Aug. 23. Because the Treasury does no business over the weekend, the federal governments 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 $16,699,396,000,000or $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 ...
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.
Do you know what this means? Obama has balanced the budget.
If the passage of time is troublesome, I’m sure the Obama solution will be to simply stop the clocks.
I thought meant it meant they have officially given up on pretending they aren’t cooking the books.
Well that was interesting....
this is bs. black president == illegal bookkeeping.
“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
This is bothersome because it means that they are lying on how much they actually owe. This drastically increases, not decreases risk.
Everything from a DNC lead agency is a lie.
either they’ve been paying any overage with newly printed money without recording it... or they’ve just stopped recording the debt
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!
With the level of lies and lawlessness from the current administration, I’m surprised that any decent people consider this government legitimate.
The Ministry of Truth has spoken. Who are you to doubt their word?
LOL! Good One!
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.
So if they can do it for 100 days they can keep doing it. Problem solved.
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.
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.
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.
I’m so impressed at the Fed’s debt management abilities!
It’s a Festivus miracle.
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.