WHAT HINDERAKER WANTS TO KNOW

Bloomberg has an article about the collapse of the dollar that mentions Pres. Fredo - the near genius, in AssRocket's world - has some responsibility for this. AR complains that the article never mentions what " living beyond their means." means, so I guess he must NEVER read the business or finance sections of his local paper. It's no secret that the National Debt has increased tremendously since Fredo took office and a large part of that increase is owed to others. It's also no secret that Fredo didn't veto any spending bills until very recently.

Overall, the debt has increased by 58% since Fredo took office and is now over $9 TRILLION. The amount owed to the public has increased to $5.08 TRILLION, an increase of 54%.

By "public" is meant "all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government less Federal Financing Bank securities. "

This is distinct from "Intragovernmental Holdings are Government Account Series securities held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts. "

Intragovernmental holdings are pretty much what we owe ourselves.