Via: ETF Guide:
U.S. federal debt has been stuck at $16,699,396,000,000.00 for 68
straight days, according to the Daily Treasury Statement on July 24.
That amount is exactly $25 million less than the legal borrowing limit
of $16,699,421,000,000.00 set on May 17, 2013. But that’s only part of
the story.
A digger deep at the numbers actually shows the U.S.
Treasury has already blown past the federal legal borrowing limit! And
the mainstream media, as usual, is out to lunch. The table below shows
how “Total Public Debt Outstanding” is already $38.82 billion above the
statuary debt ceiling and now at $16,738,106,000,000.00.
No comments:
Post a Comment