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re: Interest on the debt is 60% of the Amount taken in by the Treasury in February
Posted on 5/9/24 at 9:37 pm to GumboPot
Posted on 5/9/24 at 9:37 pm to GumboPot
quote:
Not that this is much of a consolation but the interest on the debt is a little less because the interest the Federal Reserve makes on Treasury Bonds they purchased with printed money is returned to the Treasury after expenses.
The Federal Reserve has about $7 trillion in Treasury Bonds they purchased with printed money.
Well, uh, now they are basically sending the treasury IOUs.
What a slope!
Posted on 5/9/24 at 9:49 pm to stuntman
quote:
Well, uh, now they are basically sending the treasury IOUs.
What a slope!
I've never seen that chart before. Is that saying the Treasury owes the FR money (the negative dollars)?
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