Sunday, September 9, 2012

Treasury: $10 Trillion Withdrawn From U.S. Treasury This Fiscal Year Alone!



Sard posted: "$10 Trillion Withdrawn From U.S. Treasury This Fiscal Year Alone, Treasury Says   (CNSNews.com) - Although the Congressional Budget Office estimates that the federal government will spend $3.563 trillion in fiscal year 2012 and the White House Offi"

New post on therightplanet.com

Treasury: $10 Trillion Withdrawn From U.S. Treasury This Fiscal Year Alone!

by Sard

$10 Trillion Withdrawn From U.S. Treasury This Fiscal Year Alone, Treasury Says

 

(CNSNews.com) - Although the Congressional Budget Office estimates that the federal government will spend $3.563 trillion in fiscal year 2012 and the White House Office of Management estimates it will be $3.795 trillion, actual withdrawals from the U.S. Treasury have already exceeded $10 trillion.

In fact, as of the close of business Wednesday, withdrawals from the Treasury equaled $10,201,615,000,000 for fiscal 2012, which began on Oct. 1, 2011 and will end on Sept. 30.

According to the Daily Treasury Statement--the official daily accounting sheet for the federal government—withdrawals from the Treasury exceeded $10 trillion this year on Aug. 30, when they rose from $9.903 trillion to $10.035 trillion.

How can this be?

Read more at CNS News ...

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