Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued

Sound fiscal policy... NOT! Well, only so long the feds shenanigans can go on for.

Via cnsnews.com

(CNSNews.com) - So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued. On Dec. 31, the total debt of the U.S. government was $16.4327 trillion and then-Treasury Secretary Tim Geithner announced that the government had hit what was then the legal debt limit. Last week, however, Congress enacted a law to suspend the federal government debt limit until May 18, 2013, and allow the administration to resume increasing the debt. Read More