Little-Acorn
10-08-2013, 11:21 AM
You've probably heard Obama's Secretary of the Treasury Lew say recently, that he's just about exhausted the "extraordinary measures" to keep the government afloat since we hit the Debt Ceiling last May.
But did you know what those "extraordinary measurs" actually are?
There's a reason they have never been described in detail, by the mainstream media.
The Federal government has been spending all the money in the various Federal "trust funds" under their control, to keep buying goodies for voters and avoid riots.
Those were called "trust funds" because they were in the hands of people "trusted" not to do exactly that.
Any private company or corporation that did that, would find its financial officers in jail for embezzlement and fraud, so fast their pants would smoke.
Well, the trust funds are just about gone now. Maybe a week's worth of money left in them, at the rate the government spends money.
The govt is hoping against hope, that Republicans will cave without getting concessions from the Democrats, and raise the debt ceiling, so the Dems can borrow a few $trillion and quietly pay back all that money into the accounts they've been draining, before someone publicizes what they've been doing.
You can keep a lid on a volcano for only so long.
See below for an up-to-date chart of the National Debt. Officially, it hasn't gone up since sequestration began last April. But that's about to change... one way or another.
http://www.city-data.com/forum/attachments/politics-other-controversies/119125d1381248722-what-will-american-people-do-when-natldebt01feb2013-07oct2013.gif
But did you know what those "extraordinary measurs" actually are?
There's a reason they have never been described in detail, by the mainstream media.
The Federal government has been spending all the money in the various Federal "trust funds" under their control, to keep buying goodies for voters and avoid riots.
Those were called "trust funds" because they were in the hands of people "trusted" not to do exactly that.
Any private company or corporation that did that, would find its financial officers in jail for embezzlement and fraud, so fast their pants would smoke.
Well, the trust funds are just about gone now. Maybe a week's worth of money left in them, at the rate the government spends money.
The govt is hoping against hope, that Republicans will cave without getting concessions from the Democrats, and raise the debt ceiling, so the Dems can borrow a few $trillion and quietly pay back all that money into the accounts they've been draining, before someone publicizes what they've been doing.
You can keep a lid on a volcano for only so long.
See below for an up-to-date chart of the National Debt. Officially, it hasn't gone up since sequestration began last April. But that's about to change... one way or another.
http://www.city-data.com/forum/attachments/politics-other-controversies/119125d1381248722-what-will-american-people-do-when-natldebt01feb2013-07oct2013.gif