America owes communist nation $1.2 Trillion…

February 10, 2013 10:34 am  

(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.

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-1696691000000-257-under-obama

Fears Grow Of Armed Killer Drone Strikes Targeting U.S. Citizen
Resistance to New Gun Laws Builds in USA

Top Stories

REPORT: Obama School-Transgender Policy Child Abuse 'Federal government should not be conscripting every public school in an ideological movement' (WND) - The family policy experts at the Ruth Insti...
Lucifer Would be Proud of Obama’s DNC Speech Wayne Allyn Root exposes 'fiction, fraud, fantasy' that has even Satan in awe (WND) - I give both political and business speeches all over America,...
Watch Obama Refer to Himself 119 Times During Nominating Speech (Grabien) - Addressing the Democratic National Convention on its penultimate night to lay out the case for Hillary Clinton's 2016 presidential campaig...
Obama Compares Donald Trump to Jihadists: ‘They Will Always Fai... (Breitbart) - President Barack Obama compared Republican presidential nominee Donald Trump to terrorists, lumping him and his supporters with the wors...
Obama Distorts Reality in Push for Third Term Truth takes a backseat on jobs, unemployment, the deficit, Obamacare, war, and the Constitution (Infowars) - Ahead of Obama’s dog and pony at the...
Frank Gaffney: Democratic Party Is ‘Aligned with Our Enemies, a... (Breitbart) - Center for Security Policy founder Frank Gaffney told SiriusXM host Stephen K. Bannon of Breitbart News Daily that curing the “plag...

Comments


Please help us stay spam-free. Mouse over a spam post and click the X to report spam.