Excerpt from this article:
"The increase in the federal debt in fiscal 2016 was larger than it might have been had Treasury Secretary Jacob Lew not declared what the government calls a 'debt issuance suspension period' on March 16, 2015 and kept it going until Nov. 2, 2015...During the 'debt issuance suspension period,' the Treasury used what it calls 'extraordinary measures' to freeze that portion of the federal debt then subject to a legal limit set by Congress at a level just below that legal limit. These 'extraordinary measures' largely amounted to changing the way the government accounted for government employee retirement funds, including the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund, and the Government Securities Investment Fund of the Federal Employees’ Thrift Savings Plan."
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Talk show host and constitutional scholar Mark Levin has said:
"You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." (emphasis mine) (source)
Someone once wrote:
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discover it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy." (Source)
Sarah
Palin has said that America will eventually default on its debt and
claims that the federal government is “stockpiling bullets in case of
civil unrest'” ... (Sarah Palin: Feds Stockpiling Bullets to Use Against Us - politico.com)
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A History of the Council on Foreign Relations...In Our Time!
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