It's all a big joke at the American public's expense.
Posted on 09/10/2013 8:37:00 PM PDT by Nachum
(CNSNews.com) - The federal deficit increased by $146 billion in August, according to a report released today by the Congressional Budget Office. But, at the same time, according to the U.S. Treasury, the federal debt did not increase at all during the month.
Total federal receipts were $185 billion during August, according to the CBO, while total federal outlays were $331 billion. Thus, the Treasury was forced to engage in $146 billion in deficit spending.
Despite this deficit spending, the Treasury reported that at the close of every single business day in August, the federal debt subject to a legal limit by Congress remained exactly $16,699,396,000,000.
That is approximately just $25 million below the legal limit on the debt that is $16,699,421,095,673.60
(Excerpt) Read more at cnsnews.com ...
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I can’t wait for Obama to,leave office to find out just where the debt stands.
Great news,
First Obama heads off a world war with Syria by scaring them, and now he runs a deficit without adding to the national debt.
Obama performs miracles.
No.. it’s a magic show..
and not a very good one..
Even if he wasn't stealing, which is doubtful, he should be fired for incompetence. An organization can not be run effectively if you don't know where you've been, where you are at, or where you are heading.
This is the most common way to run an organization into the ground.
In 107 days, the Federal Government has created $4,582 dollars in new debt per every Federal income tax taxpaying household in the country. Here’s the numbers:
Actual Deficit in May 2013: $139 Billion
The Treasury Department reported a deficit of $139 billion for May, the same amount that CBO estimated on the basis of the Daily Treasury Statements.
http://www.cbo.gov/publication/44400
Actual Surplus in June 2013: $117 Billion
The Treasury reported a surplus of $117 billion for June, about $2 billion more than CBO estimated on the basis of the Daily Treasury Statements.
http://www.cbo.gov/publication/44495
Actual Deficit in July 2013: $98 Billion
The Treasury Department reported a deficit of $98 billion for July, about $2 billion more than CBO estimated on the basis of the Daily Treasury Statements.
Estimated Deficit in August 2013: $146 Billion
The federal government realized a deficit of $146 billion in August 2013, CBO estimates,
http://www.cbo.gov/publication/44552
((31-17)/31) * $139 Billion
+
$117 Billion
+
$98 Billion
+
Est. $146 Billion
$423 Billion Dollars in illegal UnConstitutional debt created by the Executive Branch in only 107 days.
92.3 Million households will pay Federal Income Tax this year.
http://www.taxpolicycenter.org/numbers/displayatab.cfm?DocID=3989
In 107 days, the Federal Government has created $4,582 dollars in new debt per every Federal income tax taxpaying household in the country.
First, somebody would have to do an outside impartial audit of the Federal Reserve, and that is something against which it would fight tooth and nail. That is where all the debt is buried - deeply.
Debt ceiling games our side is too lame to point it out without looking racist and their side will just blame us after Syria when its time for the debt ceiling game to begin. Little new.
Treasury Department “extraordinary measures” to stay under debt ceiling...such as not making any civil service pension payments, etc....the shell game runs out of gimmicks next month...then the debt ceiling battle starts yet again!
The strategy is simple: Obama has been shifting budgeted money from critical programs into the current deficit, in order to show no increase in the debt. When the debt ceiling debate starts, he will stop spending on these critical programs because they will already be out of money. You will then see uncountable stories in the legacy media about how the evil Republicans are cutting spending on women, children, and the poor!
“shifting budgeted money from critical programs into the current deficit”
Programs like SS and Fed pensions that Clinton was famous for. Many reported a ‘Budget Surplus’ during the Clinton Administration but the data shows the lowest Federal deficit during that time was $77B.
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