Tag Archives: National Debt

Federal Reserve is now big part of National Debt for bailing out banks; Social Security $$ not owed to us?

What government pretends to owe…

National DebtThe Social Security Trust Fund of some $2.8 trillion is often listed in charts – such as the one above – as part of the National Debt. This particular graphic, the latest available, is from the Federal Reserve, an institution that is part of the huge debt and is owed $2.465 trillion by taxpayers.

The difference between the Social Security “debt” and the Fed debt is an amazing accounting sleight of a sharp pencil. Continue reading →

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