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  • The Fed and Our Staggering $16.2 Trillion Debt: Increased 132% Since January 2007

    10/23/2012 3:22:25 PM PDT · by whitedog57
    Confounded Interest ^ | 10/23/2012 | Anthony B. Sanders
    The numbers from Treasury Direct are disturbing. When the Democrats came to power in January 2007, the Federal debt held by the public was $4.89 trillion. Today, that figure has risen to $11.35 trillion, a 132% increase! The Total Public Debt Outstanding was $8.68 trillion in January 2007 and now stands at $16.2 trillion, a 87% increase Intragovernmental holdings (mostly the Medicare Trust Fund, the Social Security Trust Fund, and Federal Financing Bank securities) rose only 28% since January 2007. So, the real problem has been the growth in debt held by the public, such as China. Of course, The...