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Wednesday, August 14, 2013

Treasury Ran $98 Billion Deficit in July--But Debt Stayed Exactly $16,699,396,000,000

The Treasury Department's Financial Management Service, which publishes both the official Daily Treasury Statement and the official Monthly Treasury Statement, is reporting that in July the federal government ran a deficit of $98 billion but that the federal government's debt remained exactly $16,699,396,000,000 for the entire month.

The Financial Management Service said that the deficit went up $98 billion ($97,594,000,000) in the Monthly Treasury Statment for July, which it released on Monday.

The service said that the debt stayed at exactly $16,699,396,000,000 in its Daily Treasury Statements, which are published every business day. The Daily Treasury Statements show the daily value of the federal government debt that is subject to a legal limit set by Congress.

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2 comments:

  1. And I believe the government's reporting that inflation is running .8%. Bullcrap! Go to the supermarket and you check the prices yourself of the following:

    1. Cherry's $3.00/lb
    2. Watermelons - $7/ea.
    3. Tires - $150/ea
    4. Gasoline - $3.60/gallon

    Owe - did I forget to mention that the government excludes food and oil from their list of assessments in establishment of their inflation base?

    BULLCRAP! They are all liars!!!!

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  2. What ARE they going to say? "We are spending so much money that even the printing presses can't keep up and in a short while, you won't even be able to afford groceries." I wouldn't trust their numbers even if they were just giving me the temperature outside. Abject failures in everything they do and touch.

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