Jul. 26th, 2013

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A few weeks ago, I harvested some onions and then quickly planted 12 squash in gopher-resistant cages, and ran drip lines for irrigation. Ten of them are Straightneck Squash (C.pepo, 49 days), and 2 are Waltham Butternut (C.moschata, 90 days)
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U.S. federal debt has been stuck at $16,699,396,000,000.00 for 68 straight days, according to the Daily Treasury Statement on July 24. That amount is exactly $25 million less than the legal borrowing limit of $16,699,421,000,000.00 set on May 17, 2013. But that’s only part of the story.

A closer look at the numbers actually shows the U.S. Treasury has already blown past the federal legal borrowing limit! And the mainstream media, as usual, is out to lunch. The table below shows how “Total Public Debt Outstanding” is already $38.82 billion above the statuary debt ceiling and now at $16,738,106,000,000.00.

http://www.etfguide.com/commentary/1092/Has-the-U.S.-Treasury-Already-Exceeded-the-Debt-Limit?/

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