(CNSNews.com) - The portion of the federal debt that is subject to a legal limit set by Congress closed Friday, Sept. 4, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday.
That, according to the Treasury's statements, makes 175 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.
On July 30, Treasury Secretary Jacob Lewsent a letter to the leaders of Congresssaying he was extending a “debt issuance suspension period” through October 30.
That means the Treasury believes it can continue for at least the next seven weeks to issue Daily Treasury Statements that show the federal debt subject to the limit beginning and ending each day frozen just below that limit.
The Daily Treasury Statement for March 13 was the first to show the debt subject to the limit closing the day at $18,112,975,000,000. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000.
Every Daily Treasury Statement since Monday, March 16, has also reported the debt beginning and ending each day at $18,112,975,000,000.
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8 comments:
Anyone really believe this?!!
Great news!!
Now its official, the government cannot even pay the interest on the debt even with every form of tax combined. In the real world that's called bankrupt. Wish we could just say the debt level on our credit card has just stopped at $35,000.00, no more spending on it really counts.
It's a political dog and pony show.
Open and brazen LYING.
The charade can't last much longer.
Well the current leadership on capitol hill have stated that they won't audit the fed.
no difference then check kiting.
And we believe you! Oh, yeah!
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