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Much attention is directed to the approaching congressional vote on raising the debt limit, which makes the following mysterious.

According to the U.S. Treasury, the $14.294 trillion limit was exceeded on April 15.  See it for yourself here.

The latest figures to the penny:

Total Public Debt Outstanding

April 14: $14,270,792,119,184.89

April 15: $14,305,336,580,992.11

April 18: $14,309,159,097,877.65

April 19: $14,320,468,555,091.68

HT: Ken Sturzenacker

Update: According to Tyler Durden, the explanation is that not all debt is subject to the limit. Considering that we’re talking about the government, why did I think of that? (HT: Neverfox)

Sheldon Richman
Sheldon Richman

Sheldon Richman is the former editor of The Freeman and TheFreemanOnline.org, and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families.

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