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  • Gov't Debt Hits Record... Up 257% Under Jug Eared POS

    Fed's Holdings of U.S. Gov't Debt Hit Record $1,696,691,000,000; Up 257% Under
    Obama

     

     

    The Food Stamp Idiot breaks another record....  " id="smiley" src="https://guitarcenter.i.lithium.com/i/smilies/16x16_smiley-.png" alt=":smiley:" title="Smiley Very Happy" />

     

     

     

    Minority Got Obamaphone....  " id="smiley" src="https://guitarcenter.i.lithium.com/i/smilies/16x16_smiley-.png" alt=":smiley:" title="Smiley Very Happy" />

     


    January 24, 2013
    By Terence P. Jeffrey

    (CNSNews.com) - In data released Thursday afternoon, the Federal Reserve
    revealed that its holdings of U.S. government debt had increased to an all-time
    record of $1,696,691,000,000 as of the close of business on Wednesday.

    The Fed's holdings of U.S. government debt have increased by 257 percent since
    President Barack Obama was first inaugurated on Jan. 20, 2009, and the Fed is
    currently the single largest holder of U.S. government debt.

    As of the end of November, according to the U.S. Treasury, entities in Mainland
    China owned about $1,170,100,000,000 in U.S. government debt, making China the
    largest foreign holder of U.S. government debt.

    When Obama was inaugurated in 2009, the Fed owned $475.322 billion in U.S.
    government debt. As of the close of business on Wednesday, Jan. 23, the Fed
    owned $1.696691 trillion in U.S. government debt, up $1.221369 trillion during
    Obama's first term.

    Since Obama has been president, the publicly held portion of the U.S. government
    debt (as opposed to the "intragovernmental" deb the government has borrowed from
    federal trust funds such as the Social Security Trust Fund) has increased by
    $5,264,245,866,257.40. The $1.221369 in additional U.S. government debt the Fed
    has purchased during Obama's presidency equals 23 percent of all the new
    publicly held debt the Treasury has issued during that time.

    http://cnsnews.com/news/article/fed-s-holdings-us-govt-debt-hit-record-169669100
    0000-257-under-obama

    Change Liberals can believe in...Ask not what you can do for your country, but what your country can do for you.

  • #2
     
    GOP debunked: 'Obama phone' does not exist, program started in 2008 under Bush

    As it happens the "Obama phone" actually was signed into law by President George W. Bush in 2008. The program is called "SafeLink Wireless." An article from August 2008 confirms this.

    http://www.examiner.com/article/gop-debunked-obama-phone-does-not-exist-program-started-2008-under-bush

    Last edited by Fred Fartboski : Today at...

    Comment


  • #3

    "Gov't Debt Hits Record..."

    "Fed's Holdings of U.S. Gov't Debt..."

     

    how do you know burningsg is lying?

    ...he's breathing

    WARNING: may contain traces of Cynicism and Sarcasm

    Comment


    • #4

      Threas starter missed 2 letters

       

       

      surely it should be "Re: Gov't Debt Hits Record...  Up 257% Under Jug Eared POTUS" ?

       

       

      _______________________

      "I used to be into dope, now I'm into racism. It's much heavier, man" - Clapton

      Comment


      • #5

        burningsg wrote:

        Fed's Holdings of U.S. Gov't Debt Hit Record $1,696,691,000,000; Up 257\% Under
        Obama

        The Food Stamp Idiot breaks another record....  " id="smiley" src="https://guitarcenter.i.lithium.com/i/smilies/16x16\_smiley-.png" alt=":smiley:" title="Smiley Very Happy" />

        Minority Got Obamaphone....  " id="smiley" src="https://guitarcenter.i.lithium.com/i/smilies/16x16\_smiley-.png" alt=":smiley:" title="Smiley Very Happy" />


        January 24, 2013
        By Terence P. Jeffrey

        (CNSNews.com) - In data released Thursday afternoon, the Federal Reserve
        revealed that its holdings of U.S. government debt had increased to an all-time
        record of $1,696,691,000,000 as of the close of business on Wednesday.

        The Fed's holdings of U.S. government debt have increased by 257 percent since
        President Barack Obama was first inaugurated on Jan. 20, 2009, and the Fed is
        currently the single largest holder of U.S. government debt.

        As of the end of November, according to the U.S. Treasury, entities in Mainland
        China owned about $1,170,100,000,000 in U.S. government debt, making China the
        largest foreign holder of U.S. government debt.

        When Obama was inaugurated in 2009, the Fed owned $475.322 billion in U.S.
        government debt. As of the close of business on Wednesday, Jan. 23, the Fed
        owned $1.696691 trillion in U.S. government debt, up $1.221369 trillion during
        Obama's first term.

        Since Obama has been president, the publicly held portion of the U.S. government
        debt (as opposed to the "intragovernmental" deb the government has borrowed from
        federal trust funds such as the Social Security Trust Fund) has increased by
        $5,264,245,866,257.40. The $1.221369 in additional U.S. government debt the Fed
        has purchased during Obama's presidency equals 23 percent of all the new
        publicly held debt the Treasury has issued during that time.

        http://cnsnews.com/news/article/fed-s-holdings-us-govt-debt-hit-record-169669100
        0000-257-under-obama


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        Comment


        • #6

          Obama is a jug eared maggot and Biden is a clown maggot.

          Disclaimer: My threads and posts are created to allow forum members to discuss interesting subject matter.

          I reserve the right to change my decisions at anytime.

          Comment


          • Caulk Rocket
            Caulk Rocket commented
            Editing a comment
            43% more and he can beat Reagan!


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