Posted on 10/09/2013 10:12:17 AM PDT by Rusty0604
Please note that the current debt limit is $16.699 trillion.
Debt to the Penny
Interestingly, the US Treasury website Debt to the Penny and Who Hold It shows the current public debt as 16,747,429,285,635.12 (the same as Nick shows in the above chart).
Treasury Stops Updating National Debt
You do not have to be a math genius to figure out that "debt to the penny" already exceeds the debt limit.
I asked Nick about that and he replied ...
Since mid-May, "debt to the penny" hasn't been rising. When they postponed raising the debt limit they stopped showing any increase in the debt.
We're currently $48 billion over and have been there since May 21st or so.
I would like to know what the real figure now is but little chance of that until they raise the debt limit.
What's the "real" national debt? No one knows at the moment.
(Excerpt) Read more at globaleconomicanalysis.blogspot.com ...
Good thread. Thanks for posting this. Something hinky & illegal is going on.
And Obama is going around saying he cut the deficit, but for the last 5 months the debt hasn’t been updated. I know one trick they use is not paying the Federal retirement system, but last time this was done and the debt limit was increased, if you looked at it the actual debt immediately increased.
Huh. Thanks for the info.
Ya think? The illegal activity started a long time ago when secured bondholders of GM and Chrysler were robbed of their security which was given to the UAW. This is just more of the same.
This is not going to make you feel any better. We have had some TERRIBLE (liberal) governments in Canada. Unfortunately, every one of them was duly elected by my fellow citizens. Mr. Obama was elected in 2008 and re-elected by your fellow citizens.
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