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Thursday, August 15, 2013

 

No Accounting for Government

It appears that the government has not increased the debt by even one penny for s full month despite running through $98 billion in new spending (and that doesn't include the millions spent on the Obama vacation).

Bud Norman:
This is hard to account for, as one would expect that a debt to go up or down by at least some miniscule amount over the course of 31 days, and in the case of a government that ran a $98 billion deficit during the same period of time it would be expected to go up by approximately $98 billion, but government accountants seem to have a knack for hard accounting. Their efforts have somehow kept the debt stuck just $25 million below the legal debt limit, conveniently preventing the government from being in violation of its own laws, and that is rather precise work. After all, $25 million is a just a tick or two on the national debt clock, a relatively piddling sum that the president can blow through in just a few vacation days, so they’re cutting it awfully close.

If Jack Lew at the Treasury can keep the debt precisely $25 million below the legal limit for a month, perhaps he can do it forever and solve the spending problem without getting either Obama or Congress involved.

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Comments:
they did this by stealing my retirement fund and that of soldiers and civilian govt workers, who pay in to the fund by the way. left us a big fat iou, just like when they raid social security.
 
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