Freeman

ANYTHING PEACEFUL

Debt Ceiling Shattered April 15

APRIL 21, 2011 by SHELDON RICHMAN

Much attention is directed to the approaching congressional vote on raising the debt limit, which makes the following mysterious.

According to the U.S. Treasury, the $14.294 trillion limit was exceeded on April 15.  See it for yourself here.

The latest figures to the penny:

Total Public Debt Outstanding

April 14: $14,270,792,119,184.89

April 15: $14,305,336,580,992.11

April 18: $14,309,159,097,877.65

April 19: $14,320,468,555,091.68

HT: Ken Sturzenacker

Update: According to Tyler Durden, the explanation is that not all debt is subject to the limit. Considering that we’re talking about the government, why did I think of that? (HT: Neverfox)

ABOUT

SHELDON RICHMAN

Sheldon Richman is the former editor of The Freeman and TheFreemanOnline.org, and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families.

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