150 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000-

150 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000–4eh. b12-1

I’ve read this and am not sure what it means, hopefully you can make sense out of it.

The portion of the federal debt that is subject to a legal limit set by Congress closed Monday, August 10, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday.

That, according to the Treasury’s statements, makes 150 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.

$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

In practice, that means that unless Congress enacts new legislation to increase the limit on the federal debt before then, the Treasury will continue for at least the next eleven weeks to issue Daily Treasury Statements that show the federal debt subject to the limit beginning and ending each day frozen just below that limit.

The Daily Treasury Statement for March 13 was the first to show the debt subject to the limit closing the day at $18,112,975,000,000. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000.

Every Daily Treasury Statement since Monday, March 16, has also reported the debt beginning and ending each day at $18,112,975,000,000.

Table III-C of the Daily Treasury Statement for Aug. 10, 2015–shown here in a screen capture–says that the federal debt subject to a legal limit set by Congress began the month of August at 18,112,975,000,000 and that it began the day of Aug. 10 at 18,112,975,000,000 and that it closed the day of Aug. 10 at 18,112,975,000,000.

Table III-C on the Daily Treasury Statement for August 10 says the debt began the month of August at $18,112,975,000,000, began the day of August 10 at $18,112,975,000,000, and closed the day of August 10 at $18,112,975,000,000.

On March 13, Treasury Secretary Jacob Lew sent an initial letter to House Speaker John Boehner and other congressional leaders informing them that he was planning to declare a “debt issuance suspension period.”

“Beginning on Monday, March 16, the outstanding debt of the United States will be at the statutory limit,” Lew said in that letter. “In anticipation of reaching that date, Treasury has suspended until further notice the issue of State and Local Government Series securities, which count against the debt limit.”

On July 29, Lew sent another letter to the leaders of Congress informing them: “I expect to extend the debt issuance suspension period through October 30.”

“Given this unavoidable uncertainty, Treasury is not able to provide a specific estimate of how long the extraordinary measures will last,” Lew said. “Nonetheless, we believe that the measures will not be exhausted before late October, and it is likely that they will last for at least a brief additional period of time.” In his March 13 letter, Lew explained some steps the Treasury would take during the debt issuance suspension period.

For example, as CNSNews.com reported, when Secretary Lew declared a debt issuance suspension period in 2013, the Treasury reported the debt subject to the limit was frozen at $16,699,396,000,000 for 150 days, running from mid-May to mid-October of that year.

“Under current law, if the Secretary of the Treasury determines that the issuance of obligations of the United States may not be made without exceeding the debt limit, a ‘debt issuance suspension period’ may be determined,” the Congressional Research Service said in a report published on March 27. “This determination gives the Treasury the authority to suspend investments in the Civil Service Retirement and Disability Trust Fund, Postal Service Retiree Health Benefit Fund, and the Government Securities Investment Fund (G-Fund) of the Federal Thrift Savings Plan.

“In addition,” said CRS, “this gives Treasury the authority to prematurely redeem securities held by the Civil Service Retirement and Disability Trust Fund and Postal Service Retiree Health Benefit Fund.”

“The total federal debt consists of debt held by the public and intragovernmental debt,” the CRS said inanother report published in 2011. “Debt owed to the public represents borrowing from entities other than the federal government, and includes borrowing from state and local governments, the Federal Reserve System, and foreign central banks, as well as private investors in the United States.

“Intragovernmental debt,” said CRS, “consists in debt owed by one part of the federal government to another, which are mostly held in trust funds.”

Back on March 13, the debt held by the public was $13,083,880,000,000 and the intragovernmental debt was $5,068,578,000,000 according to the Daily Treasury Statement. By the close of business on August 10, also according to the Daily Treasury Statement, the debt held by the public had increased by $37,043,000,000 to $13,120,923,000,000, and the intragovernmental debt had decreased by $38,260,000,000 to $5,030,318,000,000.

source-terence jeffrey, cnsnews,

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Census: Record 42.1 million immigrants in U.S., Mexicans drive latest surge-

Census: Record 42.1 million immigrants in U.S., Mexicans drive latest surge–37eh, b40

A new analysis of legal and illegal immigrant counts by the Census Bureau revealed Thursday that there is a record 42.1 million in the United States, an explosion that is being driven by Mexicans flooding across the border.In a report provided to Secrets by the Center for Immigration Studies, the total immigrant population surged 1.7 million since 2014. The growth was led in the last year by an additional 740,000 Mexican immigrants. The 42.1 million tabulated by Census in the second quarter represent over 13 percent of the U.S. population, the biggest percentage in 105 years.

Because some immigrants already here return to their homeland each year and natural mortality totals 250,000 annually,” said the Center. “The rapid growth in the immigrant population was foreseeable given the cutbacks in enforcement, our expansive legal immigration system, and the improvement in the economy. But the question remains, is it in the nation’s interest?” he added. Some key findings in the new report:

The nation’s immigrant or foreign-born population, which includes legal and illegal immigrants, grew by 4.1 million from the second quarter of 2011 to the second quarter of 2015 — 1.7 million in just the last year.

  • Growth in the last year was led by a rebound in the number of Mexican immigrants, which increased by 740,000 from 2014 to 2015 — accounting for 44 percent of the increase in the total immigrant population in the last year.
  • The total Mexican immigrant population (legal and illegal) reached 12.1 million in the second quarter of 2015 — the highest quarterly total ever.
  • The Department of Homeland Security and other researchers have estimated that eight in 10 illegal immigrants are from Mexico and Latin America, so the increase in immigrants from these countries is an indication that illegal immigration has begun growing again.

NEW ARRIVALS

2001 – 4.85, 2003  -5.04, 2005 – 4.15, 2007- 4.28, 2009- 3.47, 2011- 3.40, 2013- 3.12, 2015- 4.24

source–paul bedard, wash examiner, steven camarota

The Iran Side Deals: The GOP’s New Reason to Vote

The Iran Side Deals: The GOP’s New Reason to Vote ‘47eh., b4

Under the agreement negotiated in advance with Congress, the president will be able to commit the United States to the deal unless Congress disapproves of the deal and overrides a presidential veto of the motion of disapproval.

To make that happen, the GOP needs two thirds of both houses of Congress to vote to override – a heavy lift considering that Republicans would need to convince 44 Democrats in the House and 13 Democrats (and Independents) in the Senate to go against the President. The best hope for making that happen is to turn U.S. public opinion against the deal. The best way to do that is to create the impression that the arrangement with Iran includes some shady side-deals that are being kept hidden from the American people and their elected representatives.

In the course of negotiating the nuclear deal, the Iranian government and the International Atomic Energy Agency did indeed cut a pair of bilateral deals. One involves monitoring the country’s secretive Parchin military facility and another involves providing information to the IAEA about the Iran’s past nuclear activities.

The existence of these “side deals” has become a rallying point for opponents of the deal, and this week Congressional Republicans began circulating a letter to the administration suggesting that without giving Congress access to the details of those agreements, the administration will be violating its duty under the Iran Nuclear Agreement Review Act.

Related: Lew – Iran Not Getting the Full $100 Billion in Frozen Assets

Specifically, the agreement requires the administration to provide Congress with all “annexes, appendices, codicils, side agreements, implementing materials, documents, and guidance, technical or other understandings and any related agreements, whether entered into or implemented prior to the agreement or to be entered into or implemented in the future.” The Iran agreement, the letter reminds the president, “is a matter of immense importance to the immediate and long-term security of the United States. Members of Congress have the right and the duty to review every relevant document, every term, and every word of this agreement in order to make an informed decision about whether or not it merits our support.”

The deals are indeed confidential, and that gets to the heart of what the IAEA is. The organization is structured as an independent agency that answers to the United Nations Security Council but is not a direct subsidiary of the U.N.

There is already considerable tension between the IAEA and Iran. As recently as last year, Iran raised strenuous objections to revelations about what it said was its “civilian nuclear program” to the media. That appears to be the situation here. Iran evidently views its facility at Parchin important to national security, and while it is willing to allow access, it wants to limit knowledge of details about the facility that aren’t relevant to the nuclear deal.

To them, any agreement to which they don’t have total access is a loophole designed to allow the government in Tehran to obtain nuclear weapons.                           source-reza najafi, rob garver,

Who’s who in Trump world-

Who’s who in Trump world–58jh.

Michael Glassner, national political director

Trump’s hire of Glassner grabbed headlines — especially since Glassner’s old boss was Sarah Palin.
Glassner acted as the 2008 GOP vice presidential candidates’s top adviser, and helped her become a national voice for the Tea Party even after the defeat of her ticket. A political veteran, Glassner has worked on campaigns for more than 30 years.

Corey Lewandowski, campaign manager

Lewandowski frequently speaks on behalf of the Trump campaign in the press. “[He’s] described as a political bomb thrower,” said Democratic strategist Jim Manley.

Chuck Laudner, Iowa political director

Now in Iowa, Laudner is managing a team of more than ten full-time staffers.

Hope Hicks, communications director, 26.

Hicks has served as a liaison between the media and Trump’s campaign and business enterprises.
She fields dozens — sometimes hundreds — of media requests daily and has been described as Trump’s “political gatekeeper.”

Matt Ciepielowski, New Hampshire state director

He has deep ties on the ground in New Hampshire, having managed field operations for AFP’s more than 30,000 registered members in the state.

Ivanka, 33; Donald Jr., 37; and Eric Trump, 31

Timothy Jost, campaign treasurer

Jost is named on each of Trump’s campaign filing disclosure forms.
Trump has said that he’s willing to use a hefty amount of his $400 million in annual income to self-finance his campaign, which could make Jost’s job even more crucial in the months ahead.
Jost has since worked for Red Curve Solutions, an elections compliance company. According to his online biography, he has worked for several congressional and gubernatorial campaigns.

Jeff Taillon, South Carolina political director

Prior to joining the Trump campaign, Taillon was the campaign manager for Henry McMaster’s successful South Carolina lieutenant governor campaign in 2012.

Ryan Keller, Iowa deputy state director.

He was a deputy director for Iowa’s Republican Party before joining Trump’s campaign
Michael Cohen, special counsel to Trump

Cohen has been a long-time aide to Trump, but he found himself facing the national media glare last month when he defended his boss to a Daily Beast reporter in a story about rebuffed allegations of sexual misconduct against Trump.
source-kevin cirilli, the hill, matthew hilzik

Parsing Clinton: Deflection, Deception, and Untruths-

Parsing Clinton: Deflection, Deception, and Untruths–47kh. b43

Breaking down the campaign’s talking points on her email fiasco.

Her emails were not secured or captured on department servers. Tens of thousands were deleted.

In addition to skirting federal regulations, Clinton set a precedent that threatens the public memory. Archiving email of Information Act, for congressional oversight, and for historical research. Clinton’s actions are an assault on the principles of transparency and accountability.

Why is there no explicit prohibition on the exclusive use of a private server? Because, before Clinton, no public servant had the gall to use one. Her motive is unknown. While she said the goal was to avoid carrying multiple devices, Clinton joked this year that she was “two steps short of a hoarder. So I have an iPad, a mini iPad, and a Blackberry.”

(In March, a Clinton loyalist and credible source told me the email issue was relevant because of what it might reveal about the Clinton Foundation, where gobs of corporate and foreign money mingle with the Clintons’ charitable, personal, and political interests. “Follow the foundation money,” the source said.)

“Last year, as part of a review of their records, the State Department asked the last four former secretaries of State to provide any work-related emails they had.” Palmieri makes this sound like a standard review. In fact, it was the result of a congressional investigation into the infamous Benghazi raid. Had it not been for the investigation, Clinton’s rogue email operation likely would have remained secret.

“… more than 30,000 emails. In fact, she handed over too many  …”Whoa, if true. Unfortunately, she didn’t hand over enough. More emails were deleted by Clinton than returned to government arches. Under political and legal pressure, she finally gave the FBI her server this week. Her attorney says it has been wiped clean. How convenient.

“No information in her emails was marked classified at the time she sent or received them.”

In other words, the integrity of “There is no classified material” depends on the meaning of “is.” Clinton herself tried to redefine the truth last week (“Parsing Clinton: What Is She Hiding?”).

What Clinton doesn’t want you to know: —Federal rules put the onus on government officials like the secretary of State to protect classified material, even when it’s not marked as such.—Government officials have been convicted of mishandling unmarked classified material.

—Any chain of events or excuses that led to the disclosure of these documents begins with Clinton’s decision to go rogue with government email. The FBI is not calling it a criminal investigation. Clinton has not been named a target. And yet: There is an FBI investigation into the existence of classified documents she had stored on ­her server—outside her department’s secure system, in violation of her department’s 2009 guidelines, and under her direction. When your campaign’s central argument is “Our candidate is not a target,” you’re losing.

“Hillary has remained absolutely committed to cooperating.”

This line would be laughable if it wasn’t so pathetic. From the start, Clinton has been committed to defying—not cooperating. “The server will remain private,” she vowed in March. Her attorney told Congress there was “no basis” to support a third-party examination of the server. Besides, he said, the server had been scrubbed. “There are no hdr22@clintonemail.com emails from Secretary of State Clinton’s tenure on the server for any review, even if such a review were appropriate or legally authorized,” attorney David Kendall wrote Congress.

source-ron fournier, national journal, real clear politics,

Muslim World Laughs at Obama’s 50-Rebel Force

Muslim World Laughs at Obama’s 50-Rebel Force–1jh., b3

The Jerusalem Post reported Thursday that the Muslim world is laughing over the rapid disintegration of Obama’s pathetic, 50-man, “moderate” Syrian rebel force. Middle East analyst Ali Bakir said: “No one in the Arab world takes this program seriously; I mean, you would need around 50 to 60 people to play paintball but definitely not to fight Islamic State.”

. CNN reported Thursday that the New Syrian Force had been completely destroyed.

This is the catastrophic failure of Obama’s $500 million U.S. “train and equip” program. Notice how the media never talk about Obama’s “moderate Muslim” training program? Obama’s unicorn division.

What’s worse is that this $500 million dupery was done with Republican congressional approval. And it could only attract 50 “moderates” willing to be trained to fight the Islamic State.

According to the BBC, Capt. Ammar al-Wawi, who actually participated in this failed program, explained: “The project is very slow. They are ready to train and form a national army of 15,000 fighters and we hear they are ready to back it with money, weapons and provide air cover. But in reality, in six months, only 60 fighters were trained. If it takes this long to train 60, it will take decades to get everyone ready.”

The catastrophic failure of this training program is a validation of everything I have said and further proof of the unending denial of the fantasists in the beltway. This entire program is just another symptom of the Obama administration’s refusal to face the reality of the jihad threat.

More of this denial of reality was reported in the New York Times Wednesday: “The FBI, the Justice Department and the Department of Homeland Security are concerned more about the rising risk from the Islamic State, while the Pentagon, intelligence agencies and the National Counterterrorism Center, which focus more on threats abroad, are more anxious about [Al] Qaeda operatives overseas.”

The agencies are split over whether the Islamic State or al-Qaida is the greater threat?

The Islamic State and al-Qaida both fight under the same flag in the cause of Islam. The Obama administration deliberately ignores that. It also ignores that the Islamic State and al-Qaida reached an accord in Syria last November. These groups are both devout. They take their marching orders from the Quran. They both seek to impose Islam across the world, and they both vow to destroy the West. It was a marriage made in Hades.

The destruction of Obama’s 50-man “army” is not his first failure in Syria, either. Last September, the commander of his “vetted moderate” Free Syrian Army admitted that his group was working with the Islamic State.

source-pamela geller, freedom outpost, ali bakir, cnn, bbc,

Millions of Americans Fined for Not Having Obamacare, While Millions in Obamacare Subsidies Go to People Who Don’t Even Exist AND WHAT HAPPENED TO W3ORK IN AMERICA?:

Millions of Americans Fined for Not Having Obamacare, While Millions in Obamacare Subsidies Go to People Who Don’t Even Exist–23jh. b13.14

The IRS has reported that it fined 7.5 million Americans who didn’t have health insurance in 2014, yet millions of dollars in Obamacare subsidies are being paid out to people scamming the system!  The Treasury Department reported last week the number of Americans who faced fines because of the Affordable Care Act’s individual mandate was significantly higher than the Obama administration expected. For 2014, the IRS projected that roughly 6 million would face fines, but the final total was 1.5 million higher.

…But an investigation by the Government Accountability Office recently revealed that fake applicants who enrolled in health insurance programs through the federal exchange were receiving subsidies. Those phony applicants had initially enrolled during 2014, but they were automatically re-enrolled and continued to benefit from tax subsidies in 2015, the GAO said.The application process used by the Healthcare.Gov federal exchange is not set up to detect fraud, according to Seto Bagdoyan, chief of GAO audits and investigations, who submitted testimony to the Senate Finance Committee earlier this month.

WHAT HAPPENED TO W3ORK IN AMERICA?:

The share of American men 25 to 54 years old who are not working has more than tripled since the late 1960s to 16%. Many men, in particular, have decided that low-wage work will not improve their lives, in part because deep changes in American society have made it easier for them to live without working. These changes include the availability of federal disability benefits; the decline of marriage, which means fewer men provide for children; and

the rise of the Internet, which has reduced the isolation of unemployment. At the same time, it has become harder for men to find higher-paying jobs. Foreign competition and technological advances have eliminated many of the jobs in which high school graduates … could earn $40 an hour, or more.

The survey results provide opportunity to compare proposed policy solutions to what’s really happening on the ground. For instance, 44% think there are local jobs they could get but are unwilling to take. This sounds like a good case for an expanded Earned Income Tax Credit or some other kind of wage subsidy to make low-paying jobs a bit more more financially attractive. It also argues for disability insurance reform that promotes work. (A related and more sweeping approach would be the negative income tax idea recently resurrected by MIT’s Erik Brynjolfsson and Andrew McAfee in their book, “The Second Machine Age,” as a way of providing a basic income but also a strong work incentive.)

And 34% said they had criminal records, making it harder to find work. In a recent National Affairs piece, Eli Lehrer advocates a “mechanism by which former inmates can have their offenses not only forgiven, but essentially forgotten.” One stat that really jumps out is that 85% of prime-age, jobless men without jobs do not have bachelor’s degrees. How about a college completion agenda, supporting non-BA occupational opportunities,  more flexible job training, and scaling back unnecessary occupational licensing restrictions?

Also helpful, of course, would be a stronger, more entrepreneurial and startup-friendly economy that generated more good jobs, with 35% of jobless men surveyed citing a lack of good jobs as a major reason. Policymakers looking for ways to make work and marriage more mutually reinforcing should take a look at a new Federalist column by AEI’s Brad Wilcox.  Also timely is this Brookings analysis by Richard Reeves and Edward Rodrigue that examines how the rise of “just-in-time” labor management undermines the work efforts of low-income Americans.

source-obc watchdog, james pethokoukis, aei.org, andrew acafee, eli lehrer, brad wilcox