Via Charlie Bilello:
“At 2pm EST on the 8th business day of every month the Federal Government is supposed to release their “Monthly Treasury Statement.” This report details how much money the government is taking in via taxes and how much is going out via spending. Last Thursday (October 10), the September report was supposed to be released, but there was no new report available when I clicked on the Treasury website. No explanation. No apology. Nothing. Which begs the questions: what are they trying to hide? The answer to that may lie in what the previous 4 months showed… A budget deficit of -$347 billion in May. A budget deficit of -$660 billion in June. A budget deficit of -$244 billion in July. A budget deficit of -$380 billion in August. That’s $1.6 trillion of deficit spending in just 4 months, a massive increase. So what’s in the September statement? Likely nothing positive. The US National Debt has exploded higher in recent weeks and is fast approaching $36 trillion. Since the Debt Ceiling was suspended 16 months ago the National Debt has increased by over $4 trillion.