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The coming dark age: Because of the Democratic/Trump deal raising the debt limit, the federal government’s debt officially topped $20 trillion last week.
From March 16 through Sept. 7, every Daily Treasury Statement showed the total federal debt subject to the legal limit opening and closing each day at $19,808,747,000,000. That was because the previous suspension of the debt limit had expired on March 15 and the debt limit had been reset at the level the debt reached at the close of business that day–which was $19,808,772,381,624.74. The Treasury then started using what it calls “extraordinary measures” to keep the debt subject to the limit about $25 milion below the limit.
This is all a fraud. Not only do they cook the numbers to make the debt ceiling appear legal for as long as possible, the debt is actually far larger, as this doesn’t include the raids to the Social Security trust fund that Congress has routinely been making for the past few decades, and never paying back.
But hey, who cares? What is really important is that we call looters “heroes” and any cops who try to arrest them “racists!”