70 Straight Days: Treasury Says Debt Stuck

[mad cow]

70 Straight Days: Treasury Says Debt Stuck at Exactly $16,699,396,000,000.00

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.

We are winning the War on Deficit Spending!!!

More at link:
http://cnsnews.com/news/article/70-s...69939600000000

[CaptUSA]

I'd say we are winning the war on the debt clock. It was making the politicians look bad, so they just stopped it. Of course, the debt continues...

[jdmyprez_deo_vindice]

lol... You just could not make this $#@! up. This is the type of crap that comedy writers avoid because it just seems too absurd.

[asurfaholic]

So how much debt was being added per day before the clock stopped?

[jkr]

BACK

2
THA

FUTURE


save the clock tower!

[ghengis86]

Just pilfering other government accounts to pay the bills. Like federal pension funds, etc. sorta like Detroit...

[puppetmaster]

Needs a battery?

[Legend1104]

Then why is the national debt clock going up right now?
http://www.usdebtclock.org/

[ZENemy]

lol

[Zippyjuan]

They are using accounting tricks to push paying for some things into the future. In June they lucked out with a brief surplus but July is back to deficits again.

[FindLiberty]

CR2025 or CR2032?

Needs a battery?

[Occam's Banana]

Accounting shenanigans. SMGDH.

Smoke, meet mirrors. Mirrors, smoke.

Who do they think they're fooling?

[jjdoyle]

lol... You just could not make this $#@! up. This is the type of crap that comedy writers avoid because it just seems too absurd.

It's like they're just using 1984 as their guide almost, making up numbers that don't mean a hill of beans. The proles don't care and won't care, until their lifestyle is negatively changed in some drastic fashion. See: The NFL, NHL, NBA, MLB, American Idol, Duck Dynasty, etc., get taken away.

[mad cow]

It's like they're just using 1984 as their guide almost, making up numbers that don't mean a hill of beans. The proles don't care and won't care, until their lifestyle is negatively changed in some drastic fashion. See: The NFL, NHL, NBA, MLB, American Idol, Duck Dynasty, etc., get taken away.

Hey,have a little faith.Any year now,Congress is going to come up with a budget.

[jbauer]

Yup just creative accounting nothing more

[liberty2897]

+/- a few hundred billion. Pretty standard accounting isn't it?

http://www.nationaldebtclocks.org/de...k/unitedstates
http://www.brillig.com/debt_clock/
http://usadebtclock.com/
http://www.us-debt-clock.org/
http://www.usgovernmentdebt.us/debt_clock

[AngryCanadian]

So for 70 days the debt has being stuck at nearly an whooping cost of 16 trillion? i am not buying it.

[eduardo89]

Hmmm...I think there might be a malfunction. Did they unplug and plug back in the debt counter?

[LibForestPaul]

A debt with someones else's fiat money. Now that is comedic glory.