Blew Through The Debt Ceiling Already

You may not have noticed the Daily Treasury Treasury Statement for September 1st, 2011. This is a daily statement concerning the cash and debt operations of the United States Treasury. Seems we have blown through all of that debt ceiling cash we put aside after all of the rancorous debate in Congress last month. Take a look at the Treasury Chart - Table III-C Debt Subject to Limit -  for last week.

Whoa!  Looks like that debt ceiling is toast. I guess all of the best minds in Washington D.C. and the big brains at The Fed took great care to find the correct number for the debt ceiling. If you recall all of the politico's agreed that this debt ceiling raise would get us through the next presidential election cycle and into 2013.

Oooooops!  Guess not. I guess they will all be saying they didn't see it coming and we had no idea.

If you or I blew through our credit lines like itchy sailors on shore leave, they would take away our credit and charge us with fraud. Not the US Government. They don't have to follow rules or take responsible actions regarding spending.

Their mantra.....DO AS I TELL YOU, NOT AS I, A PUBLIC SERVANT, WHO WANTONLY DISREGARDS THE RULES DOES!

Expect higher taxes and higher costs for goods and services. Gonna have to eat some peas. Mr. Obama and Congress are going to have to eat more crow. Seems like crow is on the menu everyday in Washington.