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Posts Tagged ‘national debt’

It’s a miracle!!!

Absolutely stunning the blatant deception we are seeing. 

It is all smoke an mirrors and is a reminder of why we should not place our hope in man or man’s inventions but in God alone!

Maranatha, Lord come quickly!

myblessedhope

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Treasury Ran $98 Billion Deficit in July–But Debt Stayed Exactly $16,699,396,000,000

August 14, 2013 – 4:15 AM

(CNSNews.com) – The Treasury Department’s Financial Management Service (FMS), which publishes both the federal government’s official Daily Treasury Statement and its official Monthly Treasury Statement, is reporting that in July the federal government ran a deficit of $98 billion but that the federal government’s debt remained exactly $16,699,396,000,000 for the entire month.

The FMS said that the deficit went up $98 billion ($97,594,000,000) in the Monthly Treasury Statment for July, which it released on Monday.

At the same time, the FMS said the debt stayed at exactly $16,699,396,000,000 in its Daily Treasury Statements, which are published every business day. The Daily Treasury Statements show the daily value of the federal government debt that is subject to a legal limit set by Congress.

At the static $16,699,396,000,000 level that the Treasury reported for every day of July, the debt was just $25 million below the legal limit of $16,699,421,000,000 that was set in a law passed by Congress and signed by President Barack Obama.

If Treasury’s daily statements were to declare that the government had borrowed an additional net $98 billion to cover the $98 billion deficit the Treasury declared in its monthly statement for July, the Treasury would be conceding that the government had already surpassed the legal limit on the debt–and has been violating the law by continuing to borrowing additional money.

Instead, even as the Treasury was running up the $98-billion deficit it reported in the July Monthly Treasury Statement, every one of the 22 Daily Treasury Statements published for July said the Treasury had closed out the previous business day with exactly $16,699,396,000,000 in debt.

The Daily Treasury Statement for Aug. 12, released Tuesday afternoon, says the debt remained stuck at exactly $16,699,396,000,000 during the first 12 days of this month, too.

On May 17, the first day the Treasury reported that the debt had hit exactly $16,699,396,000,000–and was thus just $25 million below the legal limit–Treasury Secretary Lew sent a letter to House Speaker John Boehner saying he was beginning to implement what he called “the standard set of extraordinary measures” to prevent the Treasury from exceeding the legal limit on the federal debt.

Since Lew sent that letter–announcing that he would use “extraordinary measures”–the debt has remained stuck at exactly $16,699,396,000,000 for 87 straight days.

That includes all 31 days in July when Lew’s Treasury says it was running a $98 billion deficit.

When Lew stops using “extraordinary measures” to keep the debt at exactly $16,699,396,000,000, the government will have another debt-limit crisis.

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Click on the article title for a link to full original referenced article.

In Romans 10 Paul lays out how salvation is open to all, Jew and Gentile.  He writes:

“For Christ is the end of the law for righteousness to everyone who believes.” – Romans 10:4-5

What he is saying is now it is not about works or how closely to a “T” you follow the law.  But that it is through God’s gift of grace through faith in His Son, Jesus Christ.  It is really that simple, and yet a hard step for some of us.

“That if you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead, you will be saved.” – Romans 10:9

Christ is the narrow gate (Matthew 7:13-14), through faith in Him you will be saved.  It is the only “works” that God requires for eternal salvation.

It is The Gospel of Jesus Christ.  To learn more check out the following link.

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How can this end well for the US?  Our ship is running a ground…

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National Debt Up $3 Trillion on Obama’s Watch

(Credit: CBS/iStockPhoto)

New numbers posted today on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office.

The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated. The Bureau of Public Debt reported today that the National Debt had hit an all time high of $13.665 trillion.

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It is hard to believe Government statistics these days, there is so much spin and discounting certain groups or redefining definitions of economics.

Why do we not count food & groceries, gas & oil, and energy from our inflation numbers?

Why do we not count individuals that have stopped looking for jobs from our unemployment numbers?

Why do we not count any of our promised benefits of Social Security, Medicare, and pensions in our national debt?

Why do we not know the balance sheet of the Federal Reserve, a private, yes private bank we have given the right to print money for us and charge us interest?

Do we know what our national debt really is?  Keep reading…

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US Government ‘hiding true amount of debt’

THE actual figure of the US’ national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post.

“The Government is lying about the amount of debt. It is engaging in Enron accounting,” said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America’s Economic Future.

“The problem is we’re seeing an explosion in spending,” added Andrew Moylan, director of government affairs for the National Taxpayers Union.

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