Obama’s Treasury Dept. appears to have gone beyond the Debt Limit threshold. On May 17th, the Treasury Dept. was $25 million below the national debt limit set by law.
That’s $25 million, with an ‘m’.
Obama’s Treasury Secretary sent a letter to Speaker Boehner mid-May, stating he was implementing a “set of extraordinary measures” to avoid exceeding the legal debt limit.
The May deficit was $139 billion. Assuming a steady average all month, cutting that in half means, after May 17th, the deficit went up approx. $65 billion (that’s ‘B’illion).
Yet the Anointed One’s Treasury Dept. made no change reporting the debt total (and, doing the math, exceeded the legal debt limit by $64.975 billion).
June ran a surplus of $116.5 billion, but a news article notes the Treasury ran a $98 billion (yes, with a ‘B’) deficit in July…yet still reported the debt at the May-17 level!
We’re not math experts, but adding $65 billion debt in May and $98 billion debt in July would mean that Obama’s Treasury has gone over that debt limit…by about $47 billion!
‘Extraordinary Measures’? How does Obama’s Treasury Secretary hide $47 billion?
(Of course, they could define ‘lying’ or ‘misreporting’ as an Extraordinary Measure.)
Until they answer that question, it’s time Americans made one demand…
…or at least, show the ‘Extraordinary Measures’…after all…
…Americans could use a helpful hint on how to avoid bouncing their checks.