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Federal Expenditures Topped $1T for February Alone, Says U.S. Treasury

Federal Expenditures Topped $1 Trillion for February Alone, Says U.S. Treasury
Thursday, March 03, 2011
By Terence P. Jeffrey

(CNSNews.com) - Monthly federal expenditures topped $1 trillion in February, says the U.S. Treasury Department. A majority of this money was disbursed to meet the government’s escalating debt obligations.

In its Daily Treasury Statement closing out February, the Treasury Department reported that the government had spent $1.009944 trillion (rounded to the nearest million) during the month.

(The itemization of this remarkable number can be found in the Daily Treasury Statement hyperlinked here. It is the line item labeled “Total Withdrawals (excluding transfers)” in the “Withdrawals” column of “Table II—Deposits and Withdrawals of Operating Cash.”)

.....

A review of the Treasury Department’s Daily Treasury Statements for the past decade indicates that October 2008 was the first time the Treasury ever disbursed more than $1 trillion in a single month. In that month, total federal expenditures were $1.069960 trillion—sharply up from $748.106 billion in September of 2008.

October 2008 was the month President George W. Bush signed a $700-billion law to bailout failing banks. (Then-Sen. Barack Obama voted for that law.)

Since that watershed month of October 2008, there have been another 13 months when federal expenditures have exceeded $1 trillion.

While actual federal expenditures vary somewhat from month to month, federal expenditures just about doubled—even when adjusted for inflation--from February 2001 to February 2011.

More at:

http://www.cnsnews.com/news/article/actual-federal-expenditu...

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=11...

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Delightful news! America rounds to nearest million.

Mark Twain Income (all sources) = 0

(Rounded to nearest million) Zero

February, 2011: American government spent $1.009944 Trillion
(rounded to the nearest million) during the month.

America's new rounding practice will simplify by accounting.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

I posted this comment at that website.

SteveMT 18 hours ago

Is anyone listening to Congressman Ron Paul yet?
There is no doubt that he would have this mess cleaned-up quickly and with people serving time in jail. The money printing by these banksters is no longer the answer. We are being lied to by our government, the military-industrial complex. All is not getting better. The smoke and mirrors are gone and the emperor has no clothes. We are beyond broke. Sound money is the answer.

Ron Paul is the answer for America. The question is: Will there be enough time to stop this freight train headed our way? Think about buying gold and silver while there is still time, which is growing very short now. Get prepared for bank holidays and hyperinflation. Stop believing what the talking heads are telling us. Be ready for what is going to happen. Peace.

"Stop this freight train headed our way?"

Generally, a powerful message. Provide a link:

  • Problem: ... tied her to the railroad tracks...
  • Urgency: And the train was a coming...
  • Call to action: DailyPaul...

==> Happy ending? <<==

Freight trains carry lots of cargo. Hopefully useful stuff. As a kid, us boys would sit on the hillsides waiting for the trains to come rolling into town. It was a happy occasion. I feel no since of fear at all. Perhaps you could mention something out of a melodrama to bring sense of urgency.

"He tied her to the railroad tracks!

And the train was a coming! And then...

[ To be continued... ]

Tomorrow, fishing.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Tax free income, up to $499,999. US Governmentnew rounding rule.

America's new rounding practice will simplify my accounting. All figures up to $499,999 will be rounded to Zero.

All my accounts will be reported as zero to my government. Imitation is the sincerest form of flattery. They will be flattered. I am so delighted.

Less time figuring. More time fishing.


----------------- DAILY TREASURY ----------------- STATEMENT PAGE 1
Cash and debt operations of the United States Treasury
Monday February 28, 2011
rounded in millions,
-

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=11... US Government rounded to nearest million

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul