Jeffrey: Cash Drains From Treasury as Republicans and Democrats Dither

Townhall - by Terry Jeffrey - Were it your personal bank account, you would get it -- and change your ways. But it is not your personal bank account, it is the Treasury of the United States -- funded by your tax dollars and money borrowed in your name -- and it is now controlled by elected officials of both parties who do not seem to get it at all. If you want to take a look at the Treasury Department's latest statement for its bank accounts, it is available online now at fms.treas.gov/dts/index.html. The statement is like a fiscal snapshot of a nation rapidly descending into bankruptcy.

According to the Daily Treasury Report for Feb. 28, the federal government took in $851.47 billion in revenues in February -- which included $63.7 billion in new net debt. On the other side of the ledger, it spent $1.009 trillion over the course of the month, including $585 billion to redeem maturing government securities. That gave the government a deficit for the month of $158.5 billion. Read full column here: News New Mexico

Jeffrey: Cash Drains From Treasury as Republicans and Democrats Dither