Thread: Treasury Says Federal Debt Stuck At Exactly $16,699,396,000,000 For 70 Straight Days,

Treasury Says Federal Debt Stuck At Exactly $16,699,396,000,000 For 70 Straight Days, Just $25 Million Below Debt Limit…



Cooking the books.

Via CNS News:

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.

If the debt had increased by even $30 million at any time during those 70 days, it would have exceeded the statutory limit. But, according to the Treasury, the debt did not do that. Instead, it remained precisely $16,699,396,000,000.00.

Even though the government’s official accounting of the debt has not budged for 70 days, the Treasury has continued to sell bills, notes and bonds at a value that exceeds the value of the bills, notes and bonds it was redeeming.

Keep reading…


http://weaselzippers.us/2013/07/29/t...ow-debt-limit/

http://www.usdebtclock.org/