Scared Monkeys Discussion Forum

Current Events and Musings => Political Forum => Topic started by: WhiskeyGirl on July 26, 2013, 04:27:37 PM

Title: "Has the U.S. Treasury Already Exceeded the Debt Limit?"
Post by: WhiskeyGirl on July 26, 2013, 04:27:37 PM
How long before they steal your 401k, 403b, IRA, and other retirement accounts?

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 million above the statuary debt ceiling and now at $16,738,106,000,000.00.

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