I was reading an article a couple of weeks ago about the massive amounts of money deposited in the Treasury every week.
It explained how the U.S. Treasury is like your checking account. The deposits are made from our paychecks... i.e., our income taxes are taken and deposited into the Treasury.
I meant to save the article and lost it. Does anyone have any info or know where I could obtain this information?
It went on to explain the "check writing" and who the checks are made out to.
A real interesting article using our personal checking account analogy to explain government finances.