Federal Reserve Gov’t Debt Holdings at Record $1,696,691,000,000; Up 257% Under Obama

Apparently running a deficit is only unpatriotic du7ring Republican Administrations:

Obama then…

Obama now…..

CNS News:

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.

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About Chuck Norton

I write about politics, education, economics, morality and philosophy.
This entry was posted in Budget, Elite Media, Lies, Obama, True Talking Points and tagged , , , , , . Bookmark the permalink.

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