Want another indication that government in the United States has become a massive exercise in fraud against the American people?
The U.S. national debt jumped $339 billion on Monday, the same day President Obama signed into law legislation suspending the debt ceiling.
That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place.
The website that reports the exact tally of the debt said the U.S. government owed $18.153 trillion last Friday, and said that number surged to $18.492 on Monday.
No doubt, the folks with access to the numbers behind the scenes will offer complicated answers about how the debt didn’t actually continue to go up after it had hit the ceiling. The term of art is that “extraordinary measures” were taken. But the upshot is that the spending and the debt don’t stop.
Decision makers in government know the game is rigged — that there is no way the American people can leverage their representatives actually to stop the spending and borrowing — so they carry on until the politicians are able to figure out how to perpetrate the fraud.