Another reason entitlements need to go bye-bye

[Ihealyou]

Originally Posted by Loke [You must be logged in to view images. Log in or Register.]

Uuur, does that chart at all concern you when you consider the fact that the Federal Reserve Bank is essentially a quasi-private organization that has not been audited in over 9 years? Just curious.

It doesn't bother me. The fed buys US debt to control the money supply, and considering that we're seeing low levels of inflation, I don't feel that they hold an inordinate amount of US debt.

As far as auditing goes, it would be nice to see what the fed is doing, but I don't believe they're abusing their powers. Right now I trust the fed more than politicians.