Cervantes

Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.

MIGUEL DE CERVANTES
Don Quijote de la Mancha.
La Colmena no se hace responsable ni se solidariza con las opiniones o conceptos emitidos por los autores de los artículos.

4 de octubre de 2013

What a 'Shutdown' Means: $63B Spent, $26B Taxed; $1.6B Borrowed; $1B Paid in Salaries--in Just 2 Days

October 4, 2013 - 11:55 AM
President Barack Obama
President Barack Obama (AP Photo)

(CNSNews.com) - In general terms, politicians and the press may be referring to what has been happening in Washington, D.C., over the past few days as a government "shutdown" or a "partial government shutdown," but the actual accounting sheets of the U.S. Treasury show that massive amounts of taxed and borrowed money were flowing in and out of the government during the first two days of fiscal 2014.
According to the Daily Treasury Statement for Oct. 2, which was released yesterday at 4:00 p.m., the Treasury spent a total of $63.262 billion in the first two days of fiscal 2014. At the same time, it took in $25.681 billion in tax revenue.
The Treasury also sold $1.648 billion in new Treasury securities--which is government debt.
Among the things, the federal government spent money on during the "partial government shutdown" was $1.129 billion in salaries for federal employees.
To put things in perspective, in the first two days of fiscal 2013 (Oct. 1-Oct. 2, 2012), when there was not a "shutdown," the federal government spent $124.409 billion, collected $29.057 billion in taxes, paid out $2.542 billion in federal salaries---and sold $100.91 billion in new Treasury securities (or government debt).
When the shutdown is over, the federal government will be able to get back to business as usual--and, depending on the outcome of the conflict over Obamacare between the House Republicans and President Obama and Senate Democrats--the government may or may not be able to add to its daily activities all those things that it will take to implement and pay for Obamacare.

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