Kasz216 said:
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. |
I read the title wrong lol thought it said hits $14 trillion. Wow so its already at $16 trillion