Hello fellow rebel capitals hope you're well government the CBO congressional budget office

just came out with a bombshell report admitting the government could be broke.

I'm literally broke by July of this year.

So you guys know from watching my videos, the TGA is the Treasury's account and they're basically

say that that'll be tapped out and if they don't increase the debt ceiling they're

done sorry we can't we know Moss we money. They're going to be digging through their couch trying to find some change.

So let's go over to this report from the CBO themselves. This isn't from Zero Hedge or something like that.

Check out what they have to say. So as you can see CBO.gov right here.

It came out February 15th, 2023, federal debt

and the statutory limit.

The debt limit commonly called as the debt ceiling

is the maximum amount of debt

the department treasury can issue to the public or federal agencies the amount

is set by law okay yeah we get that we know all this the congressional budget

office projects that if the debt limit remains unchanged, which we know, I mean there's a 99.999% chance that they raise the debt ceiling, but that doesn't mean they're out of hot water.

I just got done doing a whiteboard video on this and I'll explain when we get to the end of this paragraph.

The government's ability to borrow using extraordinary measures will be exhausted sometime

between July and September of 2023.

That is in the fourth quarter of the current fiscal year, the projected exhaustion date is uncertain because the timing

on tax revenue as an example they don't know when people are going to pay their taxes so they could have a little

bit more they could have a little bit less coming into the TGA in particular income taxes in April

could be more or less than the CBO estimates and let's remember that 2022 was a

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