CBS News reports that the latest national debt total posted by the U.S. Treasury shows a figure above the legal debt limit. The statutory debt limit needs to be approved by Congress, as it was earlier this spring.

The ceiling was set at $12.104 trillion dollars. The latest posting by Treasury shows the National Debt at nearly $12.135 trillion.

A senior Treasury official told CBS News that the department has some “extraordinary accounting tools” it can use to give the government breathing room in the range of $150-billion when the Debt exceeds the Debt Ceiling.

What in the name of all that is holy does that mean? They’re going to manipulate the numbers, hiding the truth in at least legal terms, so the government can keep spending? So, basically, the legislation passed by Congress on debt limits can be “worked around”. It means nothing.

The White House projects a record $1.5 trillion dollars deficit this year alone, and a 5-year deficit total of $4.97 trillion.

Record deficit under Bush $408 billion. First-year deficit under Obama? $1.5 trillion.

Hey, fifty-two percent? Yeah, thanks for that. My great-grandchildren will be paying for your stupid mistake.