Treasury Debt $19,197,076,000,000 (updated 3/29/16)

http://cnsnews.com/news/article/treasury-debt-has-been-exactly-1669939600000000-56-days

Just making up the rules as they go along.

Treasury Secretary Lew flat out states they will not negotiate over the debt ceiling limit.  His solution, just stop counting debt and keep spending.

No laws bind them.  Stop the debt accounting, continue to borrow more money, lie about it and zero repercussions.

Oh there's repercussions... down the road.

That's like a shopaholic ignoring the credit card bill.

The USDebtclock.gov is still ticking ($16.867T).

http://www.etfguide.com/commentary/1092/Has-the-U.S.-Treasury-Already-Exceeded-the-Debt-Limit?/

As of July 24th the US Treasury has our debt at $16,738,106,000,000.00 or $38.82 billion over the debt limit, yet somehow, magically, by jedi mind trick, or simply not saying anything there's no mention anywhere about the illegal practice. More of, nothing to see here, no one say anything, carry on stupid American's don't mind us while we add to your future obligations.

Our government wouldn't lie to us?  Most of America gives them a free pass on any integrity validation.  However the government states it it must be true.

I've now heard mention that a default is possible, it just needs the right circumstances for them to trigger it. With our military, there's no one going to screw with us.

http://cnsnews.com/news/article/treasury-ran-98-billion-deficit-july-debt-stayed-exactly-16699396000000

87th day in a row the debt limit is holding at $16,699,396,000,000.  While in July there was 98 billion in new debt incurred.  Only in government does accounting like this work.  For the rest of the publically traded business world the government created Sarbanes-Oxley to sure up accounting principals so we wouldn't have another Worldcom, Enron.

Just like the health care debacle.  They institute laws and rules for us, they themselves ignore or deem they are of a higher moral standard and don't have to participate.  They are above the law.

Laws don't apply to our current regime. The Constitution doesn't either. Congress doesn't care, the media doesn't care and the 47% sure as hell doesn't care.

January 20, 2009. The day America died.

pup wrote:

Laws don't apply to our current regime. The Constitution doesn't either. Congress doesn't care, the media doesn't care and the 47% sure as hell doesn't care.

January 20, 2009. The day America died.

It was well on its way long before 2009, Jason!  We've come so far from the vision of our founding fathers.  I'm thinking they'd say (if they were alive, today) we're a lot worse off than they were, before striking out for the New World.

It's going to take a Constitutional Convention by 2/3rds of the States to take up some Amendments to take our Country back. Congress will never do it, they are the problem. The founding fathers knew one day that DC would go bad, and left the power to the states to take it back, where it was intended to be and always has belonged.

The states need to invoke Article V and take our country back from the corporate politicians that have stolen it from "We the People".

Term Limits to throw the corrupt scoundrels out on their ears would be the first Amendment I'd propose.

Eliminate ALL corporate money from politics would be another.

Used to be we had farmers, shop keepers, doctors, regular men and women that represented us in DC. Today we have professional leaches that make a career out of phucking us. Until we make a stand and take it back, it will only get worse.

Pelosi, Reid, Jim's Boner, TurkeyNeck McConnel....have destroyed us. And we need to make them pay.

pup wrote:

It's going to take a Constitutional Convention by 2/3rds of the States to take up some Amendments to take our Country back. Congress will never do it, they are the problem. The founding fathers knew one day that DC would go bad, and left the power to the states to take it back, where it was intended to be and always has belonged.

The states need to invoke Article V and take our country back from the corporate politicians that have stolen it from "We the People".

Term Limits to throw the corrupt scoundrels out on their ears would be the first Amendment I'd propose.

Eliminate ALL corporate money from politics would be another.

Used to be we had farmers, shop keepers, doctors, regular men and women that represented us in DC. Today we have professional leaches that make a career out of phucking us. Until we make a stand and take it back, it will only get worse.  

Pelosi, Reid, Jim's Boner, TurkeyNeck McConnel....have destroyed us. And we need to make them pay.

QFT!

Interesting. It's not easy but Article V offers some hope. The revolving political door will continue to be an issue. However, as the $hit hits the fan people will be more likely to align and throw the bastards out. Must get the word out: t-shirts, websites, youtube, songs, personalized license plates, bumper stickers, etc.

A Constitutional amendment can be proposed by a national convention assembled at the request of the legislatures of at least two-thirds (at least 34) of the United States' 50 states.

For the amendment to become part of the Constitution: the legislatures of three-fourths (at least 38) the states; or
State ratifying conventions held in three-fourths of the states.

http://en.wikipedia.org/wiki/Article_Five_of_the_United_States_Constitution

Darn. Sounds like Article V is a paper tiger. In the end congress has much control over decision making. Congress picks the delegates. Congress could hand over to special interest groups.

http://www.dailypaul.com/295759/beware-article-v-understanding-the-risk-of-a-constitutional-convention

Nice educational video. Yea sounds is if a Con-con is just a blank slate to do whatever it is they would like. That's dangerous with any Congress over the last 30 plus years.

Anyone ever read 299 Days?

Ulmus wrote:

Anyone ever read 299 Days?

It looks interesting.

I sure hope interest rates don't get too out of control as the US owes an awful lot of debt and they've hidden another $2 trillion. They've played games with GDP, employment, and inflation numbers. The Bernanke has really put his mark on this economic pile of poo.

Once again, they're asking for an increase in the debt limit. And that's without any discussion about spending cuts. The system is broken...

Quote :

Treasury Secretary Jack Lew pressed Congress on Monday to allow the government to borrow more money, saying that it could default on its obligations if lawmakers do not act by mid-October.

http://www.cnbc.com/id/100968088

100 days now!!!!!!!!!!!!

[url=Among the “extraordinary measures” Lew said he could take to create this - See more at: http://cnsnews.com/news/article/100-days-treasury-has-kept-debt-frozen-16699396000000#sthash.I3F8jpxt.dpuf]Among the “extraordinary measures” Lew said he could take to create this - See more at: http://cnsnews.com/news/article/100-days-treasury-has-kept-debt-frozen-16699396000000#sthash.I3F8jpxt.dpuf[/url]

We're at 100 days now of the debt limit holding at $16,699,396,000,000.00 or 25 million under the legal limit. Tresury Secretary Lew will continue these “extraordinary measures” he instituted 100 days ago until October 11th. Another 45 days of the debt limit holding at its current amount.

Seems like they've quit funding many of the retirement and pension funds.

Quote :

Among the “extraordinary measures” Lew said he could take to create this “headroom” under the debt limit were: 1) not investing new money from the Civil Service Retirement and Disability Fund (CSRDF) in U.S. Treasury securities, which he said would create $6.4 billion in “headroom” per month, 2) not reinvesting $58 billion ion Treasury Securities held by the CSRDF that would be maturing and not reinvesting $16 billion in interest owed to the fund, which would create $74 billion in headroom, 3) suspending the routine daily reinvestment of $160 billion in special Treasury securities held by the Federal Employees’ Retirement System Thrift Savings Plan, which would create another $160 billion in headroom, and 4) suspending the routine daily reinvestment of Treasury securities held by the government’s own Exchange Stabilization Fund, which would create another $23 billion in headroom.

In all the government has around $90 trillion in unfunded liabilities. They have no intention of fulfilling these obligations long term anyway. Nor could they on our given trajectory, this is simply faster pathway to default or a major financial calamity. Nothing their doing is changing the course.

A game, a diversion. And no one noticed. And if they did, they were deemed irrelevant and the powers that be didn't care.

Legislation is still being floated to change the legal authority for the debt ceiling, removing Congress' power.

The proposal would have congress to vote disapprove of the increase of which could be veto'ed by the President. Thus congress would essentially being taken out of the loop for controlling the debt ceiling. Its unknown who would actually control the debt ceiling or if one would even exist.

I had to read this three times to understand the game.

http://www.breitbart.com/InstaBlog/2013/10/16/Senate-Debt-Deal-Includes-Provision-Taking-Away-Congress-Power-To-Increase-Debt-Ceiling

So they plan to legislation away their Constutional authority. Awesome bunch of people.

In reality, they authorize a debt limit increase every time they pass a bill without setting aside funds to pay for it.

The debt limit ceiling is pointless anyway really bc they always just increase it.

Least today the fundamentals of separation of powers are still in effect. There's still conversation and dialog. If Congress forgoes the authority as the framers intended, it will be full pedal to the metal spending and debt with no way to control it. We only thought it was bad now.

It's going to be interesting what the debt jumps too now that they'll start counting again. I bet it's going to be around 18 trillion.

Been wondering that myself. Also waiting to see what interest on the debt goes to also in the next year or 2. When it starts moving up you will see some people start shitting bricks.

pup wrote:

It's going to be interesting what the debt jumps too now that they'll start counting again. I bet it's going to be around 18 trillion.

Yep, I'm looking for what the treasury's daily report indicated from yesterday. I was expecting the same, a bump $500 to $700 billion wouldn't be unexpected. The used around $250 billion in "extraordinary measures" to float the limit at the same amount of for 150 days, so anticipating the reconciliation to be quite large.

Comments on some of these articles I'm reading are too funny.....

Quote :

What am I missing? Aren't we going to do this same dick dance again in a couple of months?

Found it. http://www.fms.treas.gov/dts/index.html

The latest is dated 10/16/13 before the vote and increase.  They don't show one for yesterday yet.  I'll keep checking back.

It will be a late Friday afternoon dump. It's what this regime does. Minimizes exposure of reality while maximizing their false image.