150 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000

[JohnyMac]

Why does it still amaze me that .gov is playing with the books. This is being done on both sides of the aisle.

150 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000

(CNSNews.com) - The portion of the federal debt that is subject to a legal limit set by Congress closed Monday, August 10, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday.

That, according to the Treasury's statements, makes 150 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.

$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

On July 30, Treasury Secretary Jacob Lew sent a letter to the leaders of Congress informing them that he was extending a “debt issuance suspension period” through October 30.

In practice, that means that unless Congress enacts new legislation to increase the limit on the federal debt before then, the Treasury will continue for at least the next eleven weeks to issue Daily Treasury Statements that show the federal debt subject to the limit beginning and ending each day frozen just below that limit.

Do you feel it...

[rah45]

I wish I could just pick a point and freeze my debt. $10k is my limit.

[Nemo]

I wish I could just pick a point and freeze my debt. $10k is my limit.

There is.  When you borrow money, muddle the books so it looks like you did not. 

Oh, thats right you only get to do that if you are the govt.  Sorry rah45, I thought I had an idea that would work for you.

Nemo

[Grudgie]

Don't worry guys. We just need to vote in the right[\i] politicians. Then government will work!

[crudos]

The number doesn't matter. The ptb keep moving the lines to maintain their control.

[JohnyMac]

  Yupper Crudos Yupper