National Debt Clock Frozen at $18,112,975,000,000 for 21 Days and Counting

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


According to the Daily Treasury Statement for Friday, April 3, which was published by the U.S. Treasury on Monday, April 6, that portion of the federal debt that is subject to a legal limit set by Congress closed the day at $18,112,975,000,000—for the 21st day in a row. $18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35. .... “Because Congress has not yet acted to raise the debt limit,” Lew said in his March 13 letter, “the Treasury Department will have to employ further extraordinary measures to continue to finance the government on a temporary basis. Therefore, beginning on March 16, I plan to declare a ‘debt issuance suspension period’ with respect to investment of the Civil Service Retirement and Disability Fund and also suspend the daily reinvestment of Treasury securities held by the Government Securities Investment Fund and the Federal Employees’ Retirement System Thrift Savings Plan.”
Comment: Middle image is the debt clock in New York City. Bottom is screen shot of www.usdebtclock.org. Observation:  The debt clock being frozen is a lot like 1984's Newspeak

1 comment:

Any anonymous comments with links will be rejected. Please do not comment off-topic