Back when the so-called Government “shutdown” was in effect, the media treated the Republicans who made it happen as if they had polluted a well that was needed for drinking water. They had stopped the source of all good things. The media and the Democrats (but I repeat myself) kept saying we needed to raise the debt limit in order to pay our creditors. So they admitted that they only wanted to go into more debt in order to merely pay interest on other debt.
So maybe it is time to take a look on how that is all working out for us.
According to CNS News:
The federal government has increased its debt by $811,699,611,000.51—borrowing $7,057.89 per U.S. household—in the five months that have elapsed since Oct. 16, 2013.
That is the day the House Republican leadership agreed to a deal with President Barack Obama to pass legislation ending a two-week partial government shutdown. The deal funded the government into January 2014 and suspended the legal limit on the federal debt into February 2014.
Your family has been put seven grand into debt in the last five months. How does that make you feel?
Do you think that kind of debt is sustainable? Do you think it makes any sense?
Our leaders considered it liberating and empowering to move past the shutdown, moving on to go into further debt in order to engage in further spending. That’s just how insane they are. And we’re insane to follow them.
Remember, during this period of time the government collected a record amount of revenue. Yet our debt load still jumped higher!
The only good news I have for this situation is that the government probably engaged in fraud so that this $7000 actually took ten months to accumulate rather than five.
In the five months leading up to Oct. 16, the U.S. Treasury officially reported in its Daily Treasury Statement that the U.S. government debt– which was then subject to the legal limit set by Congress–did not increase at all.
As of the close of business on May 17, 2013, the Treasury had said the debt subject to limit was $16,699,396,000,000. That was just about $25 million below the legal limit of $16,699,421,095,673.60.
As of the close of business on Oct. 16, 2013, just hours before Obama signed the debt-and-spending deal, the debt subject to the legal limit was still $16,699,396,000,000, according to the U.S. Treasury.
It had not moved in 150 days.
They got away with lying for that 150 days and no one ever demanded the truth or enforced the law. So for all we know the debt is piling up even faster and no one is telling us about it.