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According to the Daily Treasury Statement for July 12, which the U.S. Treasury released this afternoon, the federal debt that is currently subject to a legal limit of $16,699,421,095,673.60 has stood at exactly $16,699,396,000,000.00 for 56 straight days.
That means that for 56 straight days the federal debt has remained approximately $25 million below the legal limit.
Even though the portion of the federal debt that is subject to a legal limit has not changed in almost two months, the Treasury has continued to sell bills, notes and bonds at a value that exceeds the value of the bills, notes and bonds it has been redeeming.
Are We Being Hoodwinked Again ?
Originally posted by alfa1
www.abovetopsecret.com...
Originally posted by blindlyzack
Why the rest of the world allows this nonsense is beyond me.
Originally posted by blindlyzack
America is so backwards I dont even get it. Why the rest of the world allows this nonsense is beyond me.
It's like America is the only country where they can just make their own money and spend it however they want.