100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000 | TigerDroppings.com
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cajunangelle
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Member since Oct 2012
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100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000


quote:

The Treasury Department’s latest official daily accounting of the U.S. government’s receipts, expenditures and borrowings–released 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 government’s accounts as of the close of business on Friday, Aug. 23. Because the Treasury does no business over the weekend, the federal government’s 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 $16,699,396,000,000—or $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.

On May 17, Treasury Secretary Jack Lew sent House Speaker John Boehner a letter indicating that the Treasury was then hitting the legal limit on the debt and that he would begin using “extraordinary measures” to allow the government to continue borrowing money without exceeding that limit.

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This post was edited on 8/26 at 7:22 pm



Wally Sparks
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re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000


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TrueTiger
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re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
Well, if you can make your numbers for political expediency,
then it's damn hard to say that they are based on any reality.

In the "real" world, numbers just don't freeze like that in the world's largest economy.

Do they expect anyone to really believe this?


cajunangelle
LSU Fan
R.I.P. los angeles tiger
Member since Oct 2012
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re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000

Can we kick just about all of them out?


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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
It is very simple mon frère, we are playing with Monopoly money between the Fed and Treasury and have for almost all of the Oboe administration. As of now the engineers of the train are greasing the rails and increasing the speed of the train.


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Wild Thang
USA Fan
10-7 Superbowl!!!!!
Member since Jun 2009
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re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:

Do they expect anyone to actually believe this?


They don't care


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HonoraryCoonass
LSU Fan
Member since Jan 2005
6922 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
"Let me say it as simply as I can: Transparency and the rule of law will be the touchstones of this presidency."


llfshoals
Alabama Fan
Member since Nov 2010
1401 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
It would probably help you guys a lot if you realized they passed that threshold....on March 7th, 2013.

Problem is, neither party is interested in the truth when it comes to the debt.


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deltaland
Ohio State Fan
Member since Mar 2011
27626 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:

In the "real" world, numbers just don't freeze like that in the world's largest economy.



Exactly. It would be impossible to account for and keep spending/receiving at the same level for 100 straight days.


RCDfan1950
LSU Fan
United States
Member since Feb 2007
13043 posts
Online

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:

On May 17, Treasury Secretary Jack Lew sent House Speaker John Boehner a (F-OFF Congress) letter indicating that the Treasury was then hitting the legal limit on the debt and that he would begin using “extraordinary measures” to allow the government to continue borrowing money without exceeding that limit.


Made this a little more clear, CA.

Right Wing Dictator on the way. Probably need one.



llfshoals
Alabama Fan
Member since Nov 2010
1401 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:



Exactly. It would be impossible to account for and keep spending/receiving at the same level for 100 straight days.


In this case, actually 172...as of today.


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TrueTiger
LSU Fan
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Member since Sep 2004
14777 posts
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re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:

. It would be impossible to account for and keep spending/receiving at the same level for 100 straight days.



It would take some ingenuity and serious planning to keep the books of a snowball stand this static.

Serious.



deltaland
Ohio State Fan
Member since Mar 2011
27626 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:

It would take some ingenuity and serious planning to keep the books of a snowball stand this static.



We just must have elected the sharpest and brightest of all Americans to Congress.






















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texashorn
Member since May 2008
2899 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
I went to a town hall meeting conducted by a well-known Texas conservative Republican U.S. congressman, and when asked about this issue, he pleaded ignorance.

Assuming this is true, then I don't know which is scarier... the fact it is happening, or the fact that a U.S. congressman doesn't know about it. Of course, he might have known it but just wanted to stop short of denying it.


DownshiftAndFloorIt
LSU Fan
The devil dreams on an idle horse
Member since Jan 2011
42981 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
Why don't they just print a 17 trillion dollar coin. That would put us a few bucks out the hole.


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moneyg
LSU Fan
Member since Jun 2006
21744 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:

Assuming this is true, then I don't know which is scarier... the fact it is happening, or the fact that a U.S. congressman doesn't know about it. Of course, he might have known it but just wanted to stop short of denying it.



Who was the congressman?


constant cough
LSU Fan
Lafayette
Member since Jun 2007
43009 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:

100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000



I mean everyone knows the term government accounting, but damn!


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tigerfoot
LA-Monroe Fan
Alexandria
Member since Sep 2006
20783 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
quote:

Assuming this is true, then I don't know which is scarier... the fact it is happening, or the fact that a U.S. congressman doesn't know about it


that move also known as a "Rodney Alexander"


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davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
20307 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
And it's not an issue under the Obama admin because the news media won't make it an issue.


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EST
LSU Fan
Investigating
Member since Oct 2003
14917 posts

re: 100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
Yep, I just don't believe anything the Feds tell us - be they Dem or Repube. Bunch of traitors who belong in prison.


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