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


1 posted on 03/31/2017 10:29:59 AM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies ]


To: Olog-hai
It's a lot more than 15 days actually. The debt hasn't increased since the middle of November, four and a half months now.

So when the so-called "debt ceiling" inevitably gets increased again, the official debt is going to go up... a lot.

2 posted on 03/31/2017 10:52:33 AM PDT by jpl (Obama lied when Stevens died.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Olog-hai

Yep, that is because we are in “debt impasse”, and “extraordinary measures” have been implemented. Basically what happens is the Treasury can “skirt” the legal debt limit for a few months by using funds in various accounts such as Federal Retiree Pensions instead of issuing more debt (of course the former eventually has to be paid back with interest). So yes “technically” that number is correct in that the Treasury isn’t issuing any sort of securities because it has hit the legal debt limit.


3 posted on 03/31/2017 10:59:11 AM PDT by apillar
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Olog-hai

Then you have all the liberals complaining about the cost of Trump flying to Mar A Lago on weekends. Sounds like a good return on investment to me.


4 posted on 03/31/2017 12:27:12 PM PDT by Parley Baer
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Olog-hai

merely a slight of hand.
The reported deficit for 2016 was $536B. The Government borrowed $1.4T.
Interest paid $432B in 2016 now with rising rates.


5 posted on 03/31/2017 12:40:05 PM PDT by griswold3
[ Post Reply | Private Reply | To 1 | View Replies ]

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