Reported US debt on Treasurydirect.gov has remained locked at ~18.152 Trillion for nearly 5 months. Hasn't budged. Somethings up. What's going on?
US National Debt frozen since March.....Whats going on?????
- Thread starter achilles28
- Start date
Does it even matter anymore, how many debt ceilings have been smashed through?
the debt ceilings are smashed when congress approves the spending
first they vote to spend so much we will need to borrow more
then they vote to raise the debt ceiling to pay for what they already voted for on spending
I suppose they could vote to spend more and then not raise the ceiling, but that would involve cutting spending somewhere else
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so they vote for something that costs money, and when asked how to pay for it they say they will make the tough choices and eliminate inefficiency and fraud, and when it comes time to pay, since they haven't got around to cutting anything, they just raise the debt ceiling. Thank g-d Visa never let me do that when I was a young man.
Right. Googled it and yes, they hit some kind of limit back in early March. So we can presume the Treasury is 'borrowing' from the Social Security Fund and Government accounts to make up the shortfall?
