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	Comments on: Fall back	</title>
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	<link>https://norunnyeggs.com/2013/11/fall-back/</link>
	<description>The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger).  The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.</description>
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		<title>
		By: Red Pill		</title>
		<link>https://norunnyeggs.com/2013/11/fall-back/comment-page-1/#comment-39922</link>

		<dc:creator><![CDATA[Red Pill]]></dc:creator>
		<pubDate>Tue, 05 Nov 2013 03:42:02 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=11724#comment-39922</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://norunnyeggs.com/2013/11/fall-back/comment-page-1/#comment-39921&quot;&gt;steveegg&lt;/a&gt;.

Sounds good.  

Current Drudge Report (archive here: http://www.drudgereportarchives.com/data/2013/11/05/20131105_013727.htm) is featuring this headline and link:
&lt;a href=&quot;http://cnsnews.com/news/article/terence-p-jeffrey/federal-debt-jumped-409-billion-october-3567-household&quot; rel=&quot;nofollow&quot;&gt;&lt;b&gt;Federal Debt Jumped $409 Billion in October...&lt;/b&gt;&lt;/a&gt;

And here are some links you might want to use...

&lt;blockquote&gt;&lt;a href=&quot;http://www.treasury.gov/initiatives/Documents/Debt%20Limit%205-17-13%20Boehner.pdf&quot; rel=&quot;nofollow&quot;&gt;&lt;b&gt;As provided by Public Law 113-3, the statutory debt limit was suspended by Congress through May 18, 2013. Because Congress has not yet acted to approve normal borrowing authority after May 18, the Treasury Department will begin implementing the standard set of extraordinary measures&lt;/b&gt;&lt;/a&gt;&lt;/blockquote&gt;

&lt;blockquote&gt;&lt;a href=&quot;http://www.treasury.gov/initiatives/Documents/G%20Fund%20FAQs%20May%202013%20FI%20NAL.pdf&quot; rel=&quot;nofollow&quot;&gt;&lt;b&gt;By law, the G Fund will be made whole once the debt limit is increased.&lt;/b&gt;&lt;/a&gt;&lt;/blockquote&gt;

&lt;blockquote&gt;&lt;a href=&quot;http://www.treasury.gov/initiatives/Documents/Debt%20Limit%20Letter%202%20Boehner%20May%2020%202013.pdf&quot; rel=&quot;nofollow&quot;&gt;&lt;b&gt;By law, the CSRDF and PSRHBF will be made whole once the debt limit is increased.&lt;/b&gt;&lt;/a&gt;&lt;/blockquote&gt;

The $409  billion increase in the reported debt in the month of October really represents the amount of new debt created from May 18th to October 31st (five and a half months, not 1 month).

Effectively, there really isn&#039;t a debt limit, because when we hit the debt limit, Treasury just plays a shell game, continuing to borrow beyond the limit until the limit is raised.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://norunnyeggs.com/2013/11/fall-back/comment-page-1/#comment-39921">steveegg</a>.</p>
<p>Sounds good.  </p>
<p>Current Drudge Report (archive here: <a href="http://www.drudgereportarchives.com/data/2013/11/05/20131105_013727.htm" rel="nofollow ugc">http://www.drudgereportarchives.com/data/2013/11/05/20131105_013727.htm</a>) is featuring this headline and link:<br />
<a href="http://cnsnews.com/news/article/terence-p-jeffrey/federal-debt-jumped-409-billion-october-3567-household" rel="nofollow"><b>Federal Debt Jumped $409 Billion in October&#8230;</b></a></p>
<p>And here are some links you might want to use&#8230;</p>
<blockquote><p><a href="http://www.treasury.gov/initiatives/Documents/Debt%20Limit%205-17-13%20Boehner.pdf" rel="nofollow"><b>As provided by Public Law 113-3, the statutory debt limit was suspended by Congress through May 18, 2013. Because Congress has not yet acted to approve normal borrowing authority after May 18, the Treasury Department will begin implementing the standard set of extraordinary measures</b></a></p></blockquote>
<blockquote><p><a href="http://www.treasury.gov/initiatives/Documents/G%20Fund%20FAQs%20May%202013%20FI%20NAL.pdf" rel="nofollow"><b>By law, the G Fund will be made whole once the debt limit is increased.</b></a></p></blockquote>
<blockquote><p><a href="http://www.treasury.gov/initiatives/Documents/Debt%20Limit%20Letter%202%20Boehner%20May%2020%202013.pdf" rel="nofollow"><b>By law, the CSRDF and PSRHBF will be made whole once the debt limit is increased.</b></a></p></blockquote>
<p>The $409  billion increase in the reported debt in the month of October really represents the amount of new debt created from May 18th to October 31st (five and a half months, not 1 month).</p>
<p>Effectively, there really isn&#8217;t a debt limit, because when we hit the debt limit, Treasury just plays a shell game, continuing to borrow beyond the limit until the limit is raised.</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: steveegg		</title>
		<link>https://norunnyeggs.com/2013/11/fall-back/comment-page-1/#comment-39921</link>

		<dc:creator><![CDATA[steveegg]]></dc:creator>
		<pubDate>Mon, 04 Nov 2013 23:38:31 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=11724#comment-39921</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://norunnyeggs.com/2013/11/fall-back/comment-page-1/#comment-39920&quot;&gt;Red Pill&lt;/a&gt;.

1) That&#039;s what happens when I&#039;m gone from blogging for a year - WP throws in a few new changes that I missed.

2) You can bet that topic will be coming up.  I don&#039;t know what day yet, but it will be coming up.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://norunnyeggs.com/2013/11/fall-back/comment-page-1/#comment-39920">Red Pill</a>.</p>
<p>1) That&#8217;s what happens when I&#8217;m gone from blogging for a year &#8211; WP throws in a few new changes that I missed.</p>
<p>2) You can bet that topic will be coming up.  I don&#8217;t know what day yet, but it will be coming up.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Red Pill		</title>
		<link>https://norunnyeggs.com/2013/11/fall-back/comment-page-1/#comment-39920</link>

		<dc:creator><![CDATA[Red Pill]]></dc:creator>
		<pubDate>Mon, 04 Nov 2013 23:25:26 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=11724#comment-39920</guid>

					<description><![CDATA[Steve, 
  Two things...

1) WordPress is now capable of handling the Daylight Savings Time changes by letting you &quot;Choose a city in the same timezone as you&quot;.  It then does the work of figuring out when that timezone is in daylight/standard time. 


2) Ed Morrissey wrote: http://hotair.com/greenroom/archives/2013/11/04/video-on-vacation/

&lt;blockquote&gt;However, we have some great writers guest-blogging in my absence. Bruce McQuain of QandO, Steve Eggleston of No Runny Eggs, and Morgen Richmond will be dropping in to analyze the news.&lt;/blockquote&gt;

I second what ITguy wrote in a comment there:

&lt;blockquote&gt;I hope Steve does a post sharing the truth about the debt limit… how we really hit the limit May 17th and used the shell game of “Extraordinary Measures” to borrow more money beyond the debt limit for FIVE MONTHS… borrowing that was “made whole” with new Treasury securities as soon as the debt limit was raised.&lt;/blockquote&gt;


I hope you do that.

Cheers!]]></description>
			<content:encoded><![CDATA[<p>Steve,<br />
  Two things&#8230;</p>
<p>1) WordPress is now capable of handling the Daylight Savings Time changes by letting you &#8220;Choose a city in the same timezone as you&#8221;.  It then does the work of figuring out when that timezone is in daylight/standard time. </p>
<p>2) Ed Morrissey wrote: <a href="http://hotair.com/greenroom/archives/2013/11/04/video-on-vacation/" rel="nofollow ugc">http://hotair.com/greenroom/archives/2013/11/04/video-on-vacation/</a></p>
<blockquote><p>However, we have some great writers guest-blogging in my absence. Bruce McQuain of QandO, Steve Eggleston of No Runny Eggs, and Morgen Richmond will be dropping in to analyze the news.</p></blockquote>
<p>I second what ITguy wrote in a comment there:</p>
<blockquote><p>I hope Steve does a post sharing the truth about the debt limit… how we really hit the limit May 17th and used the shell game of “Extraordinary Measures” to borrow more money beyond the debt limit for FIVE MONTHS… borrowing that was “made whole” with new Treasury securities as soon as the debt limit was raised.</p></blockquote>
<p>I hope you do that.</p>
<p>Cheers!</p>
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