Terence Jeffrey exposes the complete and utter FRAUD at the U.S. Treasury...
CNSNews: The Treasury Department's Financial Management Service (FMS), which publishes both the federal government's official Daily Treasury Statement and its official Monthly Treasury Statement, is reporting that in July the federal government ran a deficit of $98 billion but that the federal government's debt remained exactly $16,699,396,000,000 for the entire month.This $16,699,396,000,000 figure that the debt is supposedly stuck at was first reported on May 17th in a letter to Speaker Boehner and all other members of the 113th Congress...and runs up to August 12th. That's 87 straight days that we're to believe the debt was stuck at that $16T+ figure, including the 31 days in July when Treasury Secretary Lew says the federal government ran a $98 billion deficit?
At the static $16,699,396,000,000 level that the Treasury reported for every day of July, the debt was just $25 million below the legal limit of $16,699,421,000,000 that was set in a law passed by Congress and signed by President Barack Obama.
If Treasury's daily statements were to declare that the government had borrowed an additional net $98 billion to cover the $98 billion deficit the Treasury declared in its monthly statement for July, the Treasury would be conceding that the government had already surpassed the legal limit on the debt--and has been violating the law by continuing to borrowing additional money.
Instead, even as the Treasury was running up the $98-billion deficit it reported in the July Monthly Treasury Statement, every one of the 22 Daily Treasury Statements published for July said the Treasury had closed out the previous business day with exactly $16,699,396,000,000 in debt.
Folks, these fools have already exceeded the debt ceiling! Boehner knows it, Pelosi knows it, Reid and McConnell know it...as does Obama. Besides CNSNews reporting, any word of this among the MSM? Any feigned panic from Democrats (and RINOs) on the Hill? Nope. Those voices won't ratchet up the rhetoric until it's time to ram through the next purportedly indisputable Continuing Resolution. What a racket.