artificial low interest rates and issuing short term bonds.
When these bonds come due and the Fed has to sell their trillions in bonds there will be hell to pay.
This is all fake, anomaly caused by money printing.
A lot of the Obama Care tax increases and a lot of other tax increases just went in to effect
I’m not sure one bit they are even telling the truth on this. The government (FED) has been printing up $85 Billion per month of non-value scrip and buying T-Bills with it.
It would not surprise me at all that they are counting this $1.020 Trillion as an asset... It’s kinda like taking out the max cash advances on all your credit cards and saying you’re ‘solvent’.
I just don’t believe anything anyone connected with the government says anymore.
The fact is if economists are surprised by how fast the deficit is falling then perhaps they didn’t know what they were talking about to start with. Why am i going to take them seriously?
Also fails to look at the how much smaller the 'Economic Output' is since Democrats took over Congress, since January 2007, it is 20%+ smaller as I have extrapolate from the labor participation rate, and the “Out Of Business” signs, the ex-employers aren’t collecting unemployment and go uncounted. GDP may have risen because of government spending, but there isn't private sector growth.
“””Since the recession ended four years ago””””
I got that far before I started to laugh. Everything about the hussein regime is fake.
You can BET that increasing Taxes, and handing out MORE TAXPAYER EARNINGS to cronies, special interests, and "Holder's People" is the ever-present goal of these socialist bastards.
Hmmm... perhaps those of us who work every day at Going Gault are having an effect?
Not to worry. Between the Fed and nobama, they’ve got it covered.