"This makes 118 days, with the September 12 report being the most current, that the debt has stayed at $16,699,396,000,000.
Why is this important? The current debt ceiling limit is
$16,699,421,095,673.60. According to the debt clock, however, and if CBO
reports for June, July, and August were added to the Treasury
statements amount since May 17th, we would be way past the debt ceiling
limit. In fact, August alone would have crossed the threshold. So what
is our current debt?
The CBO confirms the massive deficit spending that has characterized
this administration. The Treasury reports reveal unexplainable debt
data that don’t square up to with the CBO and may be masking a debt
amount that has surpassed the statutory limit. And Obama’s Democrat-led
Senate has failed to pass a budget in 1600 days, forcing an impending
showdown for Congress and its excitable politicians who can’t decide
whether to fund our government past another 15 days. " [Red State]
No comments:
Post a Comment