By Lisa Haven
“The Congressional Budget Office projects that if the debt limit remains unchanged, those measures will be exhausted and the Treasury will most likely run out of cash in early to mid-October”
Those are the start words for the Congressional Budget Office, a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.
I’ve been saying for quite some time the US debt is on a slippery slope, it now seems that the Congressional Budget Office is themselves concerned they will run out of cash if the “debt ceiling isn’t raised soon.”
All that and more in this breaking report…
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For More Information See:
https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52837-debtlimit.pdf
http://www.zerohedge.com/news/2017-06-29/treasury-will-run-out-cash-mid-october-cbo-warns
There isn’t enough cash in the money supply to cover actual bank accounts… by a long shot. The rest is all numbers on a computers. I recommend stockpiling cash as well as precious metals and food.
Hello Lisa
A govt. lie is that social security and medicare are forms of debt, they are not debt because the funds for them are taken out of paychecks. Apparently, the government wants us to think that social security and medicare are gifts from them. But they will still use those funds to help pay of some debt.
Thanks to President Trump producing real economic hope, the debt ceiling will be raised which gives everyone more time to prepare. Ed