Even FOX business noted the irregularity of “stopping” the debt clock
Yes the Treasury raised cash from internal sources- they have been “borrowing from “ (spending down) the federal worker TSP (contributory) retirement savings fund to run the govt for the past 60 days
This gave them about $200 Billion to spend- however, that is borrowed money, not tax or other revenue, and must be paid back with interest.
In the past the US treasury raided TSP several times - and paid it back - only when Congress raised the debt ceiling.
So they are living on borrowed money from an internal source. Money that must be paid back with interest. Borrowing money that was not figured into the debt ceiling
Is Congress really digging in this time? Obamites already calculate to shut down the govt if not and I guess our retirement savings are kaput. Maybe they give us back “bonds” instead and we become the prototype for federal govt raids on other 401K accounts!
BTW- I highly suspect that the govt was spared by an infusion of cash from a big Fannie Mae payback and highly suspect just another accounting “sleight of hand” to move money from one set of books to another
Congress of course is too busy with other priorities like vacation, and how many counterfeit passports illegal aliens are allowed to have
I won’t deny what you have posted. I’m reminded though of me...... scrounging at times for cash for payroll .
The sleight of hand means the government has been scrounging for cash. The thought they must scrounge rather than just ask the bank to increase the line is somehow comforting