All the trust funds the govt's been draining to stay afloat, are just about gone now

[Little-Acorn]

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.

 

[Little-Acorn]

The Dems shutdown has apparently not changed the date of the coming default (if that's what it is)... nor its severity.

 

[CrusaderFrank]

Well that explains it.

The Radical Dems want to make the hole as big as possible

 

[Claudette]

Should be interesting to see who blinks??

 

[TakeAStepBack]

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.

it's already been publicized. it's common knowledge to anyone not ignorant or stupid (so very few) that these "E. Measures" were being utilized. Meaning that the debt will increase immediately upon a ceiling agreement (contrary to the Liar in Chief).

 

[Little-Acorn]

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.

Tomorrow's the day!