“The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in May. That signals the main structural problems remain unresolved putting at risk the fragile recovery. The country’s outstanding public debt is already $38.82 million above the statuary debt ceiling and now at $16,738,220,000,000.00, according to Treasury data formerly https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13072400.pdf. In the debt ceiling debate two years ago, lawmakers and the White House battled for months before Obama signed an increase into law on Aug. 2, 2011, the day the Treasury Department warned that US borrowing authority would expire, Reuters reports.”
US blows out $16.7 trillion debt limit
- Post author:The Freedom Watch Staff
- Post published:July 27, 2013
- Post category:Network Archives
Tags: Alternative News, Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, History Repeating, Investment/Trends, Land Of The Flea, Mad Statists, regime uncertainty, Resistance, sound money, The Freedom Watch, Welfare-Warfare State, What Could Possibly Go Wrong
The Freedom Watch Staff
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