U.S. Treasury now openly ‘cooking the books’ to fudge debt numbers in desperate move before collapse
by: J. D. Heyes
Friday, August 02, 2013
On the surface, it appears as though the federal government is finally making progress on the national debt. But in reality, when you apply some common sense and a little logic, it becomes obvious that what is really going on is no small amount of creative math.
In case you didn’t know it, the “official” national debt has been the same for more than 70 days. How is that possible, considering the national debt climbs about a million dollars a minute?
According to CNSNews.com, which has analyzed the ongoing U.S. Treasury debt data, the federal debt has been stuck at exactly $16,699,396,000,000.00 for more 70 days, as of July 29. That’s about $25 million below the congressionally authorized legal limit of $16,699,421,095,673.60:
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.
We should exceed the debt limit in the next 25 minutes, but…