Saturday, October 5, 2013

MY GOVERNMENT IN SHUTDOWN MEANS PAYING OUT $63 BILLION NOT THE USUAL $124.4 BILLION IN 2 DAYS–FROM TAXES INCOME CREATION OF ONLY $25.7 BILLION–SURPRISE SURPRISE GOLLY MY GOVERNMENT CAN STILL OUT SPEND ITSELF IN A SHUTDOWN CREATING DEBT AS IT SLITHERS ALONG

According to the Daily Treasury Statement for Oct. 2, which was released yesterday at 4:00 p.m., the Treasury spent a total of $63.262 billion in the first two days of fiscal 2014. At the same time, it took in $25.681 billion in tax revenue.

The Treasury also sold $1.648 billion in new Treasury securities--which is government debt.

Among the things, the federal government spent money on during the "partial government shutdown" was $1.129 billion in salaries for federal employees.

To put things in perspective, in the first two days of fiscal 2013 (Oct. 1-Oct. 2, 2012), when there was not a "shutdown," the federal government spent $124.409 billion, collected $29.057 billion in taxes, paid out $2.542 billion in federal salaries---and sold $100.91 billion in new Treasury securities (or government debt).

- See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/what-shutdown-means-63b-spent-26b-taxed-16b-borrowed-1b-paid-salaries#sthash.c4wkqxO0.dpuf

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