December 16, 2009

OBVIOUSLY, SOMEONE SHOULD BE PROSECUTED, LIKE WITH ENRON: U.S. National Debt Tops Debt Limit. “The latest calculation of the National Debt as posted by the Treasury Department has – at least numerically – exceeded the statutory Debt Limit approved by Congress last February as part of the Recovery Act stimulus bill. The ceiling was set at $12.104 trillion dollars. The latest posting by Treasury shows the National Debt at nearly $12.135 trillion.”

But we can use “extraordinary accounting rules” to cook the books and borrow more. The country’s in the very best of hands.

And if the right-leaning public-interest law movement were as good as the left, it would be filing lawsuits to block spending, block borrowing, recapture funds, and, perhaps, claim fraud under qui tam statutes.

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