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The Debt Of The United States Is At Dangerous Levels
Sam Pearson 5/26/2021 5:01 AM

We are getting into dangerous levels of Debt under President Biden's Administration. The U.S. Federal Reserve has once again ramped up its holdings of US Treasury securities as part of a broader effort to counteract the economic impact of the coronavirus (COVID-19) pandemic. In fact, measured in dollars, the Federal Reserve currently holds more Treasury notes and bonds than ever before.

Beginning in mid-March 2020, the Federal Reserve initiated an aggressive policy of quantitative easing. This involves the purchase of government securities, corporate bonds, and other financial instruments — with the aim of keeping interest rates low and injecting cash into the economy.

As of April 28, 2021, the Federal Reserve has a portfolio totaling $8.1 trillion in assets, an increase of about $3.4 trillion from the $4.7 trillion total on March 18, 2020. Longer-term Treasury notes and bonds (excluding inflation-indexed securities) comprise over two-thirds of the expansion, with holdings of those two types of securities increasing from $2.2 trillion on March 18, 2020, to $4.5 trillion on April 28, 2021, this is a 105 percent increase.[1]

So when Federal Reserve Debt is added to the $7 trillion in debt that the Biden Administration has added to the $21 Trillion Debt that we previously had ($11 Trillion during Obama, $10 Trillion total from the other 44 administrations) every American citizen owes ($36.8 Trillion / 320 million citizens) $115,000 or $560,000 for a family of 4. When GW Bush left office, the debt was $125,000 for a family of 4. Has your family gotten $435,000 worth of benefit from the government in the last 13 Years above and beyond the services you had in 2008? Mine certainly has not.

In 8 years, the Biden and Obama administrations have cost more than the other administrations in 236 years.

 



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Sam Pearson
Sam Pearson is a retired Army Colonel with a variety of experience in both government and private sectors. As arguably one of the World's foremost military logisticians, he has been responsible for the on time delivery of supplies and services worth billions of dollars. After service in Southwest Asia, he was hand picked to support logistics operations in support of earthquake relief operations in Haiti. Pearson now serves as a consultant and volunteer mentor for students seeking their doctorates in advance statistical analysis.




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