According to the Daily Treasury Statement for July 12, which the U.S. Treasury released this afternoon, the federal debt that is currently subject to a legal limit of $16,699,421,095,673.60 has stood at exactly $16,699,396,000,000.00 for 56 straight days.
That means that for 56 straight days the federal debt has remained approximately $25 million below the legal limit.
Even though the portion of the federal debt that is subject to a legal limit has not changed in almost two months, the Treasury has continued to sell bills, notes and bonds at a value that exceeds the value of the bills, notes and bonds it has been redeeming.
According to the Daily Treasury Statement for July 12,
which the U.S. Treasury released this afternoon, the federal debt that
is currently subject to a legal limit of $16,699,421,095,673.60 has
stood at exactly $16,699,396,000,000.00 for 56 straight days.
That means that for 56 straight days the federal debt has remained approximately $25 million below the legal limit.
Even though the portion of the federal debt that is subject to a legal limit has not changed in almost two months, the Treasury has continued to sell bills, notes and bonds at a value that exceeds the value of the bills, notes and bonds it has been redeeming.
- See more at: http://cnsnews.com/news/article/treasury-debt-has-been-exactly-1669939600000000-56-days#sthash.zzk1iQIi.dpuf
That means that for 56 straight days the federal debt has remained approximately $25 million below the legal limit.
Even though the portion of the federal debt that is subject to a legal limit has not changed in almost two months, the Treasury has continued to sell bills, notes and bonds at a value that exceeds the value of the bills, notes and bonds it has been redeeming.
- See more at: http://cnsnews.com/news/article/treasury-debt-has-been-exactly-1669939600000000-56-days#sthash.zzk1iQIi.dpuf
Perhaps Treasury broke their calculator and can't add anymore? I heard one is on back-order and should arrive next year!
ReplyDeleteI'm sure it will be Banker approved lol..Hedonisticly speaking of course ( wink )
ReplyDeleteWhy not just lie about the data. They do for every other stat that comes out of this Gov't machine.
ReplyDeleteMany years ago I contemplated that they could just print money, sell bonds, and not report it. Since they are not audited you will never know how bad or good (need to be neutral here) the Fed really is. Just think they could print $10 trillion of money, disperse through the world and nobody would know.
Shawn
Disclaimer: $10 trillion is just a conservative approximation. It is probably much higher. :)