The U.S. debt, not including unfunded liabilities, is over $17 trillion dollars. And the U.S. Treasury estimates our debt to go over $28 trillion by 2018! In order to finance this debt, the Federal Reserve has been buying 90% of the U.S. Treasury market through money-printing stimulus, to the tune of $80 BILLION per month for the last several years. And we all know that the Fed has begun tapering its stimulus program because they can no longer afford to fund the national debt.
In What Universe Does This Make Sense?
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