Gov Shutdown Reality Check

[GHook93]

What happens when people start realizing that the government can run fine without the 28% (that's it, not the 100% media makes you think it is) that were furloughed!

Gov't Shutdown: 28 Percent of Workforce Furloughed; 38 Percent of Black Teens Unemployed | CNS News

See a shutdown is not really a shutdown. What it really is, is the government (like every family in America) must pay out less money then they bring in. Like every family in America they must live within their means. What a concept!

Like the sequester, maybe they should keep it this way!

 

[Montecresto]

What happens when people start realizing that the government can run fine without the 28% (that's it, not the 100% media makes you think it is) that were furloughed!

Gov't Shutdown: 28 Percent of Workforce Furloughed; 38 Percent of Black Teens Unemployed | CNS News

See a shutdown is not really a shutdown. What it really is, is the government (like every family in America) must pay out less money then they bring in. Like every family in America they must live within their means. What a concept!

Like the sequester, maybe they should keep it this way!

I agree, I would just prefer to furlough the NSA and put those others to work.

 

[GHook93]

What happens when people start realizing that the government can run fine without the 28% (that's it, not the 100% media makes you think it is) that were furloughed!

Gov't Shutdown: 28 Percent of Workforce Furloughed; 38 Percent of Black Teens Unemployed | CNS News

See a shutdown is not really a shutdown. What it really is, is the government (like every family in America) must pay out less money then they bring in. Like every family in America they must live within their means. What a concept!

Like the sequester, maybe they should keep it this way!

I agree, I would just prefer to furlough the NSA and put those others to work.

I believe pretty much every agency has workers still working. They just trimmed the fat at each location. It would be nice for them to get rid of entire useless agencies altogether!

 

[Montecresto]

What happens when people start realizing that the government can run fine without the 28% (that's it, not the 100% media makes you think it is) that were furloughed!

Gov't Shutdown: 28 Percent of Workforce Furloughed; 38 Percent of Black Teens Unemployed | CNS News

See a shutdown is not really a shutdown. What it really is, is the government (like every family in America) must pay out less money then they bring in. Like every family in America they must live within their means. What a concept!

Like the sequester, maybe they should keep it this way!

I agree, I would just prefer to furlough the NSA and put those others to work.

I believe pretty much every agency has workers still working. They just trimmed the fat at each location. It would be nice for them to get rid of entire useless agencies altogether!

Yeah! Did you hear Clapper today? He said we couldn't cut or slow the NSA either by this "government shutdown" or sequester either one or al Qaida will get us. Got to keep that boogie man out there. Of course, no problem that were supporting, arming and training them in Syria. Anyway, yes, we could live with a lot smaller government.

 

[Duped]

I think the left is afraid that a streamlined government will run more effeiciently - like the private sector did, and does when necessary! Total government is the goal of the left!

 

[itfitzme]

"On Tuesday, the government began a partial shutdown because Congress failed to enact legislation to keep the government funded.

Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWhxFUs"


"The Treasury Department has begun using the last set of accounting maneuvers at its disposal to allow the government to keep paying its bills until Congress raises the country’s borrowing limit, Treasury Secretary Jack Lew told congressional leaders Tuesday night.
In a letter, Lew reiterated that if the debt ceiling is not raised by Oct. 17 the government will not be able to meet all its financial commitments, such as making payments to U.S. debt holders, government contractors and Social Security recipients.


Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWAuact"

It has to be understood in terms of the actual accounting. The failure to pass the continuing resolutions put the government into reduced operations mode, to forestall a complete shutdown. On October 17th, then the Treasury Department will not be able to meet all the obligations. That is when a complete shutdown occurs.

"To buy more time before the debt limit needs to be raised, Lew said the final “extraordinary measures” being deployed include suspending the daily reinvestment of the portion of the Exchange Stabilization Fund that is invested in Treasury securities and that Treasury is entering into a debt swap with the Federal Financing Bank and the Civil Service Retirement and Disability Fund.

Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWyqS1z"

I think some may be a bit confused as to what is going on.

 

[GHook93]

"On Tuesday, the government began a partial shutdown because Congress failed to enact legislation to keep the government funded.

Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWhxFUs"


"The Treasury Department has begun using the last set of accounting maneuvers at its disposal to allow the government to keep paying its bills until Congress raises the country’s borrowing limit, Treasury Secretary Jack Lew told congressional leaders Tuesday night.
In a letter, Lew reiterated that if the debt ceiling is not raised by Oct. 17 the government will not be able to meet all its financial commitments, such as making payments to U.S. debt holders, government contractors and Social Security recipients.


Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWAuact"

It has to be understood in terms of the actual accounting. The failure to pass the continuing resolutions put the government into reduced operations mode, to forestall a complete shutdown. On October 17th, then the Treasury Department will not be able to meet all the obligations. That is when a complete shutdown occurs.

"To buy more time before the debt limit needs to be raised, Lew said the final “extraordinary measures” being deployed include suspending the daily reinvestment of the portion of the Exchange Stabilization Fund that is invested in Treasury securities and that Treasury is entering into a debt swap with the Federal Financing Bank and the Civil Service Retirement and Disability Fund.

Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWyqS1z"

I think some may be a bit confused as to what is going on.

Methink Jack Lew's nose is growing!

 

[itfitzme]

"On Tuesday, the government began a partial shutdown because Congress failed to enact legislation to keep the government funded.

Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWhxFUs"


"The Treasury Department has begun using the last set of accounting maneuvers at its disposal to allow the government to keep paying its bills until Congress raises the country’s borrowing limit, Treasury Secretary Jack Lew told congressional leaders Tuesday night.
In a letter, Lew reiterated that if the debt ceiling is not raised by Oct. 17 the government will not be able to meet all its financial commitments, such as making payments to U.S. debt holders, government contractors and Social Security recipients.


Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWAuact"

It has to be understood in terms of the actual accounting. The failure to pass the continuing resolutions put the government into reduced operations mode, to forestall a complete shutdown. On October 17th, then the Treasury Department will not be able to meet all the obligations. That is when a complete shutdown occurs.

"To buy more time before the debt limit needs to be raised, Lew said the final “extraordinary measures” being deployed include suspending the daily reinvestment of the portion of the Exchange Stabilization Fund that is invested in Treasury securities and that Treasury is entering into a debt swap with the Federal Financing Bank and the Civil Service Retirement and Disability Fund.

Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWyqS1z"

I think some may be a bit confused as to what is going on.

Methink Jack Lew's nose is growing!

Have you ever done accounting?

Current and Back Issues: Daily Treasury Statement: Publications & Guidance: Financial Management Service

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13100200.txt

You will find the day to day account balances here.

Two pages are copied.

1 DAILY TREASURY STATEMENT PAGE: 1
Cash and debt operations of the United States Treasury
Wednesday, October 2, 2013
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE I Operating Cash Balance
___________________________________________________________________________________________
Opening balance
Closing ______________________________________
Type of account balance This This
today Today month fiscal
year
____________________________________________________________________________________________

Federal Reserve Account $ 57,533 $ 50,501 $ 88,386 $ 88,386
Supplementary Financing Program
Account 0 0 0 0
Short-Term Cash Investments (Table V) 0 0 0 0
Total Operating Balance $ 57,533 $ 50,501 $ 88,386 $ 88,386

1 DAILY TREASURY STATEMENT PAGE: 2
Cash and debt operations of the United States Treasury
Wednesday, October 2, 2013
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE II Deposits and Withdrawals of Operating Cash
___________________________________________________________________________________________
This Fiscal
Deposits Today month year
to date to date
____________________________________________________________________________________________

Federal Reserve Account:
Agriculture Loan Repayments (misc) $ 27 $ 86 $ 86
Air Transport Security Fees 0 1 1
Cash FTD's Received (Table IV) 9,904 22,776 22,776
Commodity Credit Corporation programs 7 83 83
Customs and Certain Excise Taxes 60 135 135
Deposits by States:
Supplemental Security Income 4 8 8
Unemployment 26 44 44
Education Department programs 113 353 353
Energy Department programs 15 36 36
Estate and Gift Taxes 56 151 151
Federal Reserve Earnings 1,711 1,711 1,711
Foreign Deposits, Military Sales 107 1,349 1,349
Housing and Urban Development programs 1 10 10
Individual Income and Employment
Taxes, Not Withheld 637 1,098 1,098
Interest recd from cash investments 0 0 0
Justice Department programs 5 18 18
Postal Service 335 763 763
Public Debt Cash Issues (Table III-B) 823 1,648 1,648
Other Deposits:
TARP 46 102 102
Thrift Savings Plan Transfer 594 1,623 1,623
Total Other Deposits 640 2,140 2,140
Change in Balance of Uncollected
Funds 0 0 0
Transfers from Depositaries 0 0 0
Total Federal Reserve Account 14,472 32,409 32,409
Short-Term Cash Investments:
Transfers from Federal Reserve Account
(Table V) 0 0 0
Total Deposits (excluding transfers) $ 14,472 $ 32,409 $ 32,409


So where is the lies you are implying? It is just bookkeeping. Really, if you are going to accuse bookkeepers of fraud, you should have some proof.

 

[Interpol]

You morons do realize that this is costing more than actually running things like normal, right?

We're actually losing revenue because of the shutdown.

Streamline the government. I'm all for it. But this shutdown is costing us money.

 

[Darkwind]

You morons do realize that this is costing more than actually running things like normal, right?

We're actually losing revenue because of the shutdown.

Streamline the government. I'm all for it. But this shutdown is costing us money.

Have you written your Senators and informed them of that fact?

 

[ScienceRocks]

You morons do realize that this is costing more than actually running things like normal, right?

We're actually losing revenue because of the shutdown.

Streamline the government. I'm all for it. But this shutdown is costing us money.

We're losing a lot more then just tax revenue with this dumb shut down. We're losing scientific edge and respect, we're losing our ability to fight disease outbreaks and a whole lot more.

The repubicans within the tea party would love to see this country go back to 1850. We wouldn't be a first world nation of course but that's what they want.

 

[boedicca]

You morons do realize that this is costing more than actually running things like normal, right?

We're actually losing revenue because of the shutdown.

Streamline the government. I'm all for it. But this shutdown is costing us money.

You morons do realize that if the Dems had passed a budget for the past 5 years, this wouldn't be happening, right?

 

[Darkwind]

"On Tuesday, the government began a partial shutdown because Congress failed to enact legislation to keep the government funded.

Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWhxFUs"


"The Treasury Department has begun using the last set of accounting maneuvers at its disposal to allow the government to keep paying its bills until Congress raises the country’s borrowing limit, Treasury Secretary Jack Lew told congressional leaders Tuesday night.
In a letter, Lew reiterated that if the debt ceiling is not raised by Oct. 17 the government will not be able to meet all its financial commitments, such as making payments to U.S. debt holders, government contractors and Social Security recipients.


Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWAuact"

It has to be understood in terms of the actual accounting. The failure to pass the continuing resolutions put the government into reduced operations mode, to forestall a complete shutdown. On October 17th, then the Treasury Department will not be able to meet all the obligations. That is when a complete shutdown occurs.

"To buy more time before the debt limit needs to be raised, Lew said the final “extraordinary measures” being deployed include suspending the daily reinvestment of the portion of the Exchange Stabilization Fund that is invested in Treasury securities and that Treasury is entering into a debt swap with the Federal Financing Bank and the Civil Service Retirement and Disability Fund.

Read more: http://www.politico.com/story/2013/10/debt-ceiling-treasury-final-extraordinary-measures-97690.html#ixzz2gbWyqS1z"

I think some may be a bit confused as to what is going on.

Methink Jack Lew's nose is growing!

Have you ever done accounting?

Current and Back Issues: Daily Treasury Statement: Publications & Guidance: Financial Management Service

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13100200.txt

You will find the day to day account balances here.

Two pages are copied.

1 DAILY TREASURY STATEMENT PAGE: 1
Cash and debt operations of the United States Treasury
Wednesday, October 2, 2013
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE I Operating Cash Balance
___________________________________________________________________________________________
Opening balance
Closing ______________________________________
Type of account balance This This
today Today month fiscal
year
____________________________________________________________________________________________

Federal Reserve Account $ 57,533 $ 50,501 $ 88,386 $ 88,386
Supplementary Financing Program
Account 0 0 0 0
Short-Term Cash Investments (Table V) 0 0 0 0
Total Operating Balance $ 57,533 $ 50,501 $ 88,386 $ 88,386

1 DAILY TREASURY STATEMENT PAGE: 2
Cash and debt operations of the United States Treasury
Wednesday, October 2, 2013
(Detail, rounded in millions, may not add to totals)
___________________________________________________________________________________________
TABLE II Deposits and Withdrawals of Operating Cash
___________________________________________________________________________________________
This Fiscal
Deposits Today month year
to date to date
____________________________________________________________________________________________

Federal Reserve Account:
Agriculture Loan Repayments (misc) $ 27 $ 86 $ 86
Air Transport Security Fees 0 1 1
Cash FTD's Received (Table IV) 9,904 22,776 22,776
Commodity Credit Corporation programs 7 83 83
Customs and Certain Excise Taxes 60 135 135
Deposits by States:
Supplemental Security Income 4 8 8
Unemployment 26 44 44
Education Department programs 113 353 353
Energy Department programs 15 36 36
Estate and Gift Taxes 56 151 151
Federal Reserve Earnings 1,711 1,711 1,711
Foreign Deposits, Military Sales 107 1,349 1,349
Housing and Urban Development programs 1 10 10
Individual Income and Employment
Taxes, Not Withheld 637 1,098 1,098
Interest recd from cash investments 0 0 0
Justice Department programs 5 18 18
Postal Service 335 763 763
Public Debt Cash Issues (Table III-B) 823 1,648 1,648
Other Deposits:
TARP 46 102 102
Thrift Savings Plan Transfer 594 1,623 1,623
Total Other Deposits 640 2,140 2,140
Change in Balance of Uncollected
Funds 0 0 0
Transfers from Depositaries 0 0 0
Total Federal Reserve Account 14,472 32,409 32,409
Short-Term Cash Investments:
Transfers from Federal Reserve Account
(Table V) 0 0 0
Total Deposits (excluding transfers) $ 14,472 $ 32,409 $ 32,409


So where is the lies you are implying? It is just bookkeeping. Really, if you are going to accuse bookkeepers of fraud, you should have some proof.

Here is an idea. Put nonessential items on hold and pay those bills that would affect the Nations credit rating.

You people have to come to realize, that you cannot just keep spending every dime YOU WANT indefinitely.

First you people say that raising the debt ceiling does not mean that we are borrowing more money, yet here you are saying that if we don't raise the debt ceiling, we can't meet our bills.

How does raising the debt ceiling increase the amount of funds in the treasury if we are not borrowing more money?

One last item.. How long can you juggle credit balances if you use three credit cards and just keep transferring the balances between them?

Pass a budget, and by God, stay within its parameters and drop the pie-in-the-sky programs to every person who may have a vote to cast.

 

[Darkwind]

You morons do realize that this is costing more than actually running things like normal, right?

We're actually losing revenue because of the shutdown.

Streamline the government. I'm all for it. But this shutdown is costing us money.

We're losing a lot more then just tax revenue with this dumb shut down. We're losing scientific edge and respect, we're losing our ability to fight disease outbreaks and a whole lot more.

The repubicans within the tea party would love to see this country go back to 1850. We wouldn't be a first world nation of course but that's what they want.

No they wouldn't. Stop your lying.

 

[boedicca]

The ONLY bill that matters is the interest on the debt. That is only $223B out of $2.8T of cash receipts.

If Obama wanted to pay it, it could easily be done.

 

[Mustang]

You morons do realize that this is costing more than actually running things like normal, right?

We're actually losing revenue because of the shutdown.

Streamline the government. I'm all for it. But this shutdown is costing us money.

Likewise, the credit downgrade America endured two years ago due to conservative insistence in holding the gov't hostage during the debt ceiling crisis led to an additional $19 Billion in interest payments to our gov't (which is you and me). I think we should hand that bill to conservatives like Michele Bachmann who pooh-poohed the idea that there would be any far-reaching consequences.

And here we are again...with a coming debt ceiling debate just two weeks ago, and the conservatives are all set to do it again like people who are incapable (or unwilling) to learn how the real world works as opposed to how they want it to work. I find that stunning since even a mangy mongrel dog is smart enough to learn not to approach a skunk after he's on the receiving end of just one spraying.

Someone please tell me why oonservatives elect people who are not smart enough to learn from their mistakes!

 

[itfitzme]

Methink Jack Lew's nose is growing!

Have you ever done accounting?

Current and Back Issues: Daily Treasury Statement: Publications & Guidance: Financial Management Service

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13100200.txt

You will find the day to day account balances here.



So where is the lies you are implying? It is just bookkeeping. Really, if you are going to accuse bookkeepers of fraud, you should have some proof.

Here is an idea. Put nonessential items on hold and pay those bills that would affect the Nations credit rating.

You people have to come to realize, that you cannot just keep spending every dime YOU WANT indefinitely.

First you people say that raising the debt ceiling does not mean that we are borrowing more money, yet here you are saying that if we don't raise the debt ceiling, we can't meet our bills.

How does raising the debt ceiling increase the amount of funds in the treasury if we are not borrowing more money?

One last item.. How long can you juggle credit balances if you use three credit cards and just keep transferring the balances between them?

Pass a budget, and by God, stay within its parameters and drop the pie-in-the-sky programs to every person who may have a vote to cast.

Who is "you people"? You might want to check the actual year by year budget by category. Do real dollar per capita. I suspect you haven't actually seen the budget break down or where the money is actually being spent. Keep in mind, SSI is non-descresionary and has a trust fund. It is deficit neutral. So is Medicare Part A. Medicare Part B and C have premiums paid by the recipient, so they have their own revenue stream. (it would be nice to see if they balance.)

 

[Darkwind]

Have you ever done accounting?

Current and Back Issues: Daily Treasury Statement: Publications & Guidance: Financial Management Service

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13100200.txt

You will find the day to day account balances here.



So where is the lies you are implying? It is just bookkeeping. Really, if you are going to accuse bookkeepers of fraud, you should have some proof.

Here is an idea. Put nonessential items on hold and pay those bills that would affect the Nations credit rating.

You people have to come to realize, that you cannot just keep spending every dime YOU WANT indefinitely.

First you people say that raising the debt ceiling does not mean that we are borrowing more money, yet here you are saying that if we don't raise the debt ceiling, we can't meet our bills.

How does raising the debt ceiling increase the amount of funds in the treasury if we are not borrowing more money?

One last item.. How long can you juggle credit balances if you use three credit cards and just keep transferring the balances between them?

Pass a budget, and by God, stay within its parameters and drop the pie-in-the-sky programs to every person who may have a vote to cast.

Who is "you people"? You might want to check the actual year by year budget by category. Do real dollar per capita. I suspect you haven't actually seen the budget break down or where the money is actually being spent. Keep in mind, SSI is non-descresionary and has a trust fund. It is deficit neutral. So is Medicare Part A. Medicare Part B and C have premiums paid by the recipient, so they have their own revenue stream. (it would be nice to see if they balance.)

You just lost all credibility with Me. SSI is broke. You open the box and you will see a bunch of IOU's. Nothing more. That means that the SSI is on the budget. That is the big problem with the way they handle it. IT is NOT deficit neutral.

When you have no more money, you have to prioritize your spending. Not apply for more credit cards in the hopes of keeping your balances in flux.

And by "You People" I am referring to leftists and other government wonks who think that our treasury is limitless.

 

[itfitzme]

You morons do realize that this is costing more than actually running things like normal, right?

We're actually losing revenue because of the shutdown.

Streamline the government. I'm all for it. But this shutdown is costing us money.

You morons do realize that if the Dems had passed a budget for the past 5 years, this wouldn't be happening, right?

You do realize that, by law, the Congress passes budget resolutions. Without a budget resolution, an appropriations bill, no money can be spent.

Stages of the Congressional Budget Process | Budget.House.Gov

" The budget resolution serves as a blueprint for the actual appropriation process, and provides Congress with some control over the appropriations process. No new spending authority, however, is provided until appropriation bills are enacted.

Once both houses pass the resolution, selected Representatives and Senators negotiate a conference report to reconcile differences between the House and the Senate versions. The conference report, in order to become binding, must be approved by both the House and Senate.

So, it seems to not make any sense to suggest that no budget has been passed. First, they don't pass a "budget" by law. Second, they pass appropriations bills, or the government shuts down.

 

[itfitzme]

Here is an idea. Put nonessential items on hold and pay those bills that would affect the Nations credit rating.

You people have to come to realize, that you cannot just keep spending every dime YOU WANT indefinitely.

First you people say that raising the debt ceiling does not mean that we are borrowing more money, yet here you are saying that if we don't raise the debt ceiling, we can't meet our bills.

How does raising the debt ceiling increase the amount of funds in the treasury if we are not borrowing more money?

One last item.. How long can you juggle credit balances if you use three credit cards and just keep transferring the balances between them?

Pass a budget, and by God, stay within its parameters and drop the pie-in-the-sky programs to every person who may have a vote to cast.

Who is "you people"? You might want to check the actual year by year budget by category. Do real dollar per capita. I suspect you haven't actually seen the budget break down or where the money is actually being spent. Keep in mind, SSI is non-descresionary and has a trust fund. It is deficit neutral. So is Medicare Part A. Medicare Part B and C have premiums paid by the recipient, so they have their own revenue stream. (it would be nice to see if they balance.)

You just lost all credibility with Me. SSI is broke. You open the box and you will see a bunch of IOU's. Nothing more. That means that the SSI is on the budget. That is the big problem with the way they handle it. IT is NOT deficit neutral.

When you have no more money, you have to prioritize your spending. Not apply for more credit cards in the hopes of keeping your balances in flux.

And by "You People" I am referring to leftists and other government wonks who think that our treasury is limitless.

You need to go tto a) SSI and find out what FICA taxes are and what the trust fund is.


This can help

http://en.wikipedia.org/wiki/Social_Security_Trust_Fund

http://www.ssa.gov/oact/progdata/taxRates.html

Yeah, dude, SSI is deficit neutral. You don't know what your are talking about.

So, in other words, you have no clue what you are talking about except that your tin foil hat is too tight.