The Dirty Little Secret of the Debt Limit

By Terence Jeffrey
“Today, the United States has reached the statutory debt limit,” Treasury Department Spokeswoman Colleen Murray said in a May 16 statement.

Did it really? Or is the legal debt limit merely a sleight-of-hand tactic in the most high stakes shell game every played?

Take a look at what the Treasury Department has reported on its Daily Treasury Statements since May 16, when Treasury said it had “reached the statutory debt limit.”
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