August 20, 2013

Something curious going on at Treasury Department: Are they fudging the debt number?

Remember the Obama program called "Cash for Clunkers"?  This was a program--presumably crafted by the best minds in the Democratic party--designed to stimulate the economy by offering car owners up to $4500 to turn in perfectly usable older cars and buy new ones.

The old cars were then destroyed (by putting sand in the engine).

Conservatives claimed this bribe simply caused buyers to make purchases that they would normally have made, just a few months earlier than they would have without the program.  Others noted that the gummint's buying up used cars drastically reduced the supply (and thus increased the price) of affordable used cars that could have been purchased by poor citizens.

Then there was Obama's unilateral order to government immigration agents to stop enforcing laws against illegal immigration.  And Obama's unilaterally ignoring the law passed by congress that no more aid was to be given to the palestinians after they ignored a U.S. restriction on earlier aid and pushed for U.N. membership as a full state.  Obama gave them half a billion dollars of money we didn't have.  Cuz, you know, they're such nice folks.

And of course how can we forget the master-stroke of Barry unilaterally ordering that a few of the crucial but unpopular "mandates" of the laughably-misnamed "Affordable Care Act"--a.k.a. the Obamacare LAW--were no longer operative and were to be ignored?

Well now it seems the Obama administration is determined to top "Cash for Clunkers" in the "We command reality to be what we say it is, regardless of the facts!" sweepstakes.

Seems they've found a perfect way to get away with breaking yet another "law."  This one is the "debt ceiling limit" painstakingly hammered out in congress, passed in a "law" and signed by one lying son of a bitch who claims to be named B.H. Obama.

For the curious, the actual limit agreed on is $16,699,421,000,000.

Now, the U.S. Treasury publishes both daily and monthly summaries of the federal government's expenditures and debt. At the beginning of July the *official* debt figure published by Treasury was $16,699,396,000,000-- $25 Billion below the debt ceiling (i.e. lawfully enacted) limit.  (Go to page 7 of the linked report, Table III-C)

During July, Treasury reported that the gummint spent $98 Billion more than it took in.

Yet for every day of July the total debt number never increased.  This is...curious.

For those who didn't get the significance of that, let me re-state:  Obama and his Democrat henchmen want to keep spending money to buy votes.  But thanks to a razor-thin GOP majority in one chamber of congress, that body managed to pass a LAW--which the lying bastard signed--limiting the gummint to the above-noted figure.  So in order to keep spending without being SEEN to exceed the legal debt ceiling, Obama's Treasury department appears to have simply stopped publishing the *actual* debt.

Now frankly, even I can't believe they'd actually do this--it's too in-your-face even for them.  I suspect it's probably attributable to an error by some low-level staffer in an office in Cincinnati or something of that sort.  But sure is convenient for Obie and the Dems, eh?  Cuz without it, they'd be violating yet another law.  Impeachable offense number...what, 5?  8?  I've lost track.

Obama and the Democrats:  Is there any trick they won't try in their quest to deny reality?

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