Well today I looked at the market outlook thread. Lots of interesting talk! Noticed good article posted by Sstasel about debt ceiling coming up soon and noticed it talked about "extraordinary" accounting used by Treasury since May to avoid the debt ceiling... But no specifics on that. Searched web and found concise interesting article with a link to a letter to John Boehner that explains the "extraordinary" accounting.
Of course part of it deals with not fully investing/ reinvesting ( i.e. not funding) CSRS and G fund. See Article and letter below.
So their logic is to not "invest" our new monies or "reinvest" our monies to avoid creating "booked" debt; thereby not recording/creating debt that hits against the authorized debt ceiling. How lovely is that??? Yep.. Real creative. Sounds criminal!
Article on debt limit
Obama Math? Deficit UP $138B In May, Debt DOWN $90B « Rat's Right!
Letter to John Boehner - explains extraordinary accounting
http://www.treasury.gov/initiatives/Documents/Debt%20Limit%205-17-13%20Boehner.pdf
yes I know they have done this before with G fund, but did not know about CSRS.
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