Bloomberg chronicles how the US government has put itself on the hook now for $9.7 trillion! That’s enough to pay off 90% of all mortgages in the US!
$9.7 trillion spent or guaranteed, most of it controlled by the Federal reserve. Besides being an unelected body, there’s one other little bitty issue with all of this…the Fed doesn’t want to tell us where they’ve used all the money.
In December, Bloomberg sued under the Fed under the Freedom of Information Act. At the time, the Fed had lent $2 trillion that they were unwilling to tell anyone who it was lent to.
Well, that was under BUUUUUUUUUUUUSSSSSHH, who we know was responsible for bringing down the twin towers, lying about intelligence to get a war going and spying on Americans. We wouldn’t expect any better from that administration!
Now we have President Obama, the man who campaigned on and signed with his very own hand, a requirement that government would be fully transparent, all above board, nothing hidden!
Not so much.
Bloomberg is still in the courts, waiting for the information. In the meantime we continue to shovel money out the door.
Hey, Mr. Transparency, how about putting all the documents out BEFORE you put another $1 trillion on the “to be paid later” pile!
