Treasury Books Opened ~ 2 Days of Shutdown


 THIS IS OUR US GOVERNMENT ON SHUTDOWN ~ Operating Cash Balance, Deposits, Withdrawals (Public Record)

DURING CURRENT GOVERNMENT 2 DAY SHUTDOWN THIS WEEK…

  1. US TREASURY SPENT $63.262 BILLION  (including $1.129 Billion in salaries for Federal Employees)
  2. COLLECTED $25.681 BILLION IN TAX REVENUES
  3. SOLD $1.648 BILLION IN NEW TREASURY SECURITIES (Government Debt)

COMPARISON:   LAST YEAR IN THE FIRST 2 DAYS OF FISCAL 2013 (October 1 and October 2) with  NO ‘Government Shutdown’ 

  1. US TREASURY  SPENT $124.409 BILLION (including $2.542 Billion in Federal Salaries)
  2. COLLECTED $29.057 BILLION IN TAXES
  3. SOLD$100.91 BILLION IN NEW TREASURY SECURITIES (Government Debt).
paid out $2.542 billion in federal salaries—and sold $100.91 billion in new Treasury securities (or government debt). – See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/what-shutdown-means-63b-spent-26b-taxed-16b-borrowed-1b-paid-salaries#sthash.5amqCoc9.dpuf
paid out $2.542 billion in federal salaries—and sold $100.91 billion in new Treasury securities (or government debt). – See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/what-shutdown-means-63b-spent-26b-taxed-16b-borrowed-1b-paid-salaries#sthash.5amqCoc9.dpuf
in the first two days of fiscal 2013 (Oct. 1-Oct. 2, 2012), when there was not a “shutdown,” the federal government spent $124.409 billion, collected $29.057 billion in taxes, paid out $2.542 billion in federal salaries—and sold $100.91 billion in new Treasury securities (or government debt). – See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/what-shutdown-means-63b-spent-26b-taxed-16b-borrowed-1b-paid-salaries#sthash.5amqCoc9.dpuf

massive amounts of taxed and borrowed money were flowing in and out of the government during the first two days of fiscal 2014.

According to the Daily Treasury Statement for Oct. 2, which was released yesterday at 4:00 p.m., the Treasury spent a total of $63.262 billion in the first two days of fiscal 2014. At the same time, it took in $25.681 billion in tax revenue.

The Treasury also sold $1.648 billion in new Treasury securities–which is government debt.

Among the things, the federal government spent money on during the “partial government shutdown” was $1.129 billion in salaries for federal employees.

To put things in perspective, in the first two days of fiscal 2013 (Oct. 1-Oct. 2, 2012), when there was not a “shutdown,” the federal government spent $124.409 billion, collected $29.057 billion in taxes, paid out $2.542 billion in federal salaries—and sold $100.91 billion in new Treasury securities (or government debt).

– See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/what-shutdown-means-63b-spent-26b-taxed-16b-borrowed-1b-paid-salaries#sthash.5amqCoc9.dpuf

massive amounts of taxed and borrowed money were flowing in and out of the government during the first two days of fiscal 2014.

According to the Daily Treasury Statement for Oct. 2, which was released yesterday at 4:00 p.m., the Treasury spent a total of $63.262 billion in the first two days of fiscal 2014. At the same time, it took in $25.681 billion in tax revenue.

The Treasury also sold $1.648 billion in new Treasury securities–which is government debt.

Among the things, the federal government spent money on during the “partial government shutdown” was $1.129 billion in salaries for federal employees.

To put things in perspective, in the first two days of fiscal 2013 (Oct. 1-Oct. 2, 2012), when there was not a “shutdown,” the federal government spent $124.409 billion, collected $29.057 billion in taxes, paid out $2.542 billion in federal salaries—and sold $100.91 billion in new Treasury securities (or government debt).

– See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/what-shutdown-means-63b-spent-26b-taxed-16b-borrowed-1b-paid-salaries#sthash.5amqCoc9.dpuf

massive amounts of taxed and borrowed money were flowing in and out of the government during the first two days of fiscal 2014.

According to the Daily Treasury Statement for Oct. 2, which was released yesterday at 4:00 p.m., the Treasury spent a total of $63.262 billion in the first two days of fiscal 2014. At the same time, it took in $25.681 billion in tax revenue.

The Treasury also sold $1.648 billion in new Treasury securities–which is government debt.

Among the things, the federal government spent money on during the “partial government shutdown” was $1.129 billion in salaries for federal employees.

To put things in perspective, in the first two days of fiscal 2013 (Oct. 1-Oct. 2, 2012), when there was not a “shutdown,” the federal government spent $124.409 billion, collected $29.057 billion in taxes, paid out $2.542 billion in federal salaries—and sold $100.91 billion in new Treasury securities (or government debt).

– See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/what-shutdown-means-63b-spent-26b-taxed-16b-borrowed-1b-paid-salaries#sthash.5amqCoc9.dpuf

>>>(Public Department of Treasury Statement here. Released 10/2/13: (for Tuesday and Wednesday of this week)  <<<

One of the benefits of economic distress is that we citizens start paying attention to our tax dollars.

I thought this was pretty interesting. Money is still going into the US Treasury and still going out. And for all the whoopdedo, the last US Government balanced budget was in 2001, something set in stone in most state constitutions but not in the US Constitution.

HISTORICALLY….Tip O’Neill (Democrat, Speaker of the House 1977-1987 presided over 12 Government Shutdowns under Presidents Ford, Carter, & Reagan. That’s 2/3 of ALL Government Shutdowns ever and by a Democrat.

Speaker Newt Gingrich presided over 2 shutdowns.

In Reagan’s 2nd term the government shut down 6 times (12 days total) because budget negotiations with the White House failed. Then we had a Republican Senate, Democrat House and Democrat Speaker Tip O’Neill. 

1995 and 1996 President Bill Clinton shut down the government over Medicare funding, education, the environment, and public health, Clinton vetoing the spending bill the Republican Party controlled Congress sent him. Non-essential federal workers went on furlough for 28 days.

"Bottom of the Sixth"  (Three Umpires), April 23,1949  by Norman Rockwell

There’s nothing new going on with shutdowns.  It’s just been 17 years since we had one.http://victorianachronists.files.wordpress.com/2013/04/declaration.jpg Day five 83% of the Federal Government is still working. The discretionary decisions on what to close in shutdown come from President Obama. So far instructions to park rangers are to make visitors as miserable as possible. All national parks closed. Washington Memorials closed. The ocean is now closed. No previous president of the United States did that. Federal highways and bridges next.

 

photo credits: actionjack; Oil painting of founding fathers on Constitution (unattributed); 2 Norman Rockwell Paintings

According to the Daily Treasury Statement for Oct. 2, which was released yesterday at 4:00 p.m., the Treasury spent a total of $63.262 billion in the first two days of fiscal 2014. At the same time, it took in $25.681 billion in tax revenue. – See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/what-shutdown-means-63b-spent-26b-taxed-16b-borrowed-1b-paid-salaries#sthash.5amqCoc9.dpuf
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