Kasz216 on 05 September 2012
| Marks said: I wonder how bad it will be after 4 more years of Obama/Romney. I wonder if America will hit $20 trillion debt next term...or if a president will finally make a few tough cuts and slow it down to maybe "just" $16 trillion. |
They meant the total national debt was over 16 trillion.
Which is why people are pissed at the Fed, since what they spent in foreign loans could of paid off the entire national debt.
So just 16 trillion would be a great reductions actualy.
Really though, using the Fed as an income source for government is a bad idea.
The Fed already gives congress money to pay down the deficit... and it instead ends up helping fuel government spending. Whenever the fed gives them more then expected it just increases what they spend off budget.
