The FED places all federal spending on the books. Always.
Based on the Grace Commission, IRS 1040 taxes goes to paying an ever greater debt, owed to the owners of the private FED - a handful of Bankster families, about 200 FED shareholders and a smaller amount to pay (off) IRS employees to not blab about the scam.
Every Fed member bank owns shares. Each bank gets one vote, no matter how many “shares" they own.
In 2020, shareholders received $386 million in dividends.
Guess how much the US Treasury got in 2020......$88.5 billion.