The Government Is Dead Broke

The other day I was wondering what happened with the March 16 deadline facing the Government on its “suspended” debt ceiling limit.  March 16 had come and gone without any media fanfare.  It’s almost as if the White House demanded silence from the media on this.

So I googled the topic and found out that the debt ceiling limit was reset to $18.113 trillion. That is  $1 trillion above where the outstanding debt was one year ago.  But didn’t Obama tell us that the spending deficit in 2014 was only $483 billion?  Pourquoi?  If the amount of debt outstanding increased by a trillion, how can he claim the spending deficit was only $483 billion?  Because he is a liar.

So Congress quietly approved raising the debt ceiling limit to $18.1 trillion and now the Treasury debt outstanding has busted through that ceiling:   $18.152 trillion and counting.

You can read the rest here:   Investment Research Dynamics