This one comes from CNS News via Blogs For Victory.
I've heard of "new math", but this might give term new meaning. How is it that the federal government ran a $98 billion deficit in July, but the overall federal debt stayed exactly the same for the entire month? According to the CNS News link above:
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.
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