Like a crazy bitch, incapable of resisting credit card spending, Team Obama’s administration has made it very clear they will under no circumstances stop their vote buying, America bankrupting, overspending, and are willing to gamble our economic stability and fiscal future to do that. From the article we get that:
(CNSNews.com) – According to the Daily Treasury Statement for July 12, which the U.S. Treasury released this afternoon, the federal debt that is currently subject to a legal limit of $16,699,421,095,673.60 has stood at exactly $16,699,396,000,000.00 for 56 straight days.
That means that for 56 straight days the federal debt has remained approximately $25 million below the legal limit. Even though the portion of the federal debt that is subject to a legal limit has not changed in almost two months, the Treasury has continued to sell bills, notes and bonds at a value that exceeds the value of the bills, notes and bonds it has been redeeming.
The “public debt subject to limit”–as the Treasury calls the portion of the federal debt that is legally limited by Congress–first hit $16,699,396,000,000.00 at the close of business on May 17.
Up to that point in fiscal 2013, according to the Daily Treasury Statement, the Treasury had already redeemed approximately $4,776,995,000,000.00 in U.S. debt instruments (bills, notes and bonds) that had matured. At the same time, the Treasury had issued $5,354,508,000,000.00 in new debt instruments. That means that, on net, as of May 17, the part of the federal government’s debt publicly circulated in instruments likes bills, notes and bonds had increased $577,513,000,000 for the fiscal year.
As of the close of business on July 12, the latest day reported by the Treasury, the Treasury had redeemed approximately $5,848,194,000,000.00 in debt and issued approximately another $6,477,293,000,000.00—meaning the publicly circulated debt has increased by a net of $629,099,000,000 so far this year. Thus, over the past 56 days, the net value of U.S. Treasury Securities circulating in the public has increased by $51.586 billion ($629,099,000,000 minus $577,513,000,000).
WTF? How can we still be printing money, selling off new debt, and doing more of the shit that banana republics do to finance their overspending and vote buying schemes, and yet, our debt has stayed pegged at $25 million under the legal limit for months? How are they pulling this trick off? The numbers clearly show that we have over spent another 52 billion but the debt has still not gone up? I call bullshit! WTF is going on? Well, it looks like the donkey are playing a clever game in which they hope to force republicans to either give in and let them keep spending like hookers using stolen credit cards, or causing a default they can then blame on the republicans instead of their over spending. Again, from the article:
On May 18, the day after the debt began its long stay at $16,699,396,000,000.00, Treasury Secretary Lew sent a letter to House Speaker John Boehner. In the letter, Lew said the Treasury would begin implementing what he called “the standard set of extraordinary measures” that allows the Treasury to continue to borrow and spend money even after it has hit the legal debt limit.
How many days did Lew think he could keep the debt just under the debt limit while the Treasury continued to borrow money? If that prediction is correct, it will mean that the Daily Treasury Statement will continue to peg the “debt subject to limit” of the United States at exactly $16,699,396,000,000.00—or just $25 million below the legal limit—for another month and a half.
If the Treasury then says, sometime in September, that it can no longer hold the debt subject to limit at exactly $16,699,396,000,000.00 but must default on the bills of the federal government if the Republican-controlled House of Representatives does not vote to increase the legal debt limit, the Treasury will then be forcing a battle with the Republican House over the debt limit at the same time that the current continuing resolution, which funds the government until Sept. 30, is set to expire.
Get it? The fucking Keynesians get to keep spending more than we have and destroying our future, while holding the trump card that will allow them to then lay the blame at the other party’s feet. And have no doubt they will find eager shills in the LSM that will help them pretend the problem isn’t that these lying fucks are implementing their Cloward-Piven strategy to destroy the exceptional America they so hate – that’s Obama’s promise of “Hope & Change” and a fundamental transformation of America, for you – and wrecking our economy in the process, but that the evil rethuglicans want to starve babies and the poor. Holy fuck are things messed up for us. This all distils down to a simple lie:
In his May 18 letter, Lew warned Boehner that the Obama administration would not negotiate with the House to curtail spending in exchange for giving Obama new authority to borrow additional money.
The Obama administration has never been serious about debt reduction of any kind. Their annual trillion dollar debt increases were planned and they intend to keep doing this for as long as they can get away with it. They have a complicit media and an enormous base of fucking economic illiterate morons that will buy their lies hook, line, and sinker, and pretend the problem is caused by the other side, anyway.
Obama meant it when he told us he was going to change things. What the idiots never grasped was that he meant he would destroy any hope for this country to ever be anything but a two-bit, third rate, European style socialist shithole, banana republic. Start learning Mandarin or Cantonese: when the Chinese run things they are not likely to feel any obligation to help idiots that refuse to learn their native language like our multicultural elite class feels we all should. America is under attack. From within. And by the most vile and evil ideological shitbags ever. Have no doubt about it. What they are doing is not accidental or because they mean well but are executing poorly. Nobody is this inept or unable to see the consequences of their actions. This is planned, willful destruction of the America they hate. Unicom farts and promises of free shit paid with other people’s money will not save us.