#1 U.S. debt jumps a record $328 billion — tops $17 trillion for first time10-18-2013, 11:12 PM
By Stephen Dinan
The Washington Times
Friday, October 18, 2013
U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.
The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.
The $328 billion increase shattered the previous high of $238 billion set two years ago.
The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.
Under the law, that replenishing happens as soon as there is new debt space.
Read more: http://www.washingtontimes.com/news/...#ixzz2i8MEb9gU
Follow us: @washtimes on Twitter
Try doing your books like the government and see how long you stay out of prison.
10-18-2013, 11:36 PMIt's not how old you are, it's how you got here.
It's been a long road and not all of it was paved.
A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
Originally Posted by Carol
10-19-2013, 02:22 AM
In the words of those esteemed Democratic women, Hillary and Pelosi, "what diffeence does it make?"
" To the world you are just one more person, but to a rescued pet, you are the world."
"A Nation of Sheep Breeds a Government of Wolves!"
10-19-2013, 01:47 PM--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
|« Previous Thread | Next Thread »|