national debt by state

national debt by state
Did you know that most of the interests of our national debt is paid to the Federal Reserve?

http://en.wikipedia.org/wiki/United_States_public_debt "It is clear from the list, just over half the total public debt because the Federal Reserve and intragovernmental holdings. "" We pay interest on money that the Fed simply created from scratch and have given us. Why let them get away with this?

Nonsense. First, the mathematical no sense. Interest on National debt exceed $ 250B a year. The budget is approximately $ 3B fed. Second, by law, proceeds from the Fed after of expenditure is Treasury returns. See Title 12> CHAPTER 3> SUBCHAPTER VI> ยง 290 Use of revenue transferred to the Treasury of the net income generated by the Federal Reserve Banks … shall, at the discretion of the Secretary, be used to supplement reserves of gold held against notes in circulation States States, or be applied to reduce outstanding debt bondage in the United States under regulations to be prescribed by Treasury Secretary … "For example, look at the tax return for Federal Reserve http://www.federalreserve.gov/boarddocs/rptcongress/annual07/sec6/c3.htm Note T2 on page 2 in the "Declaration combined results, demonstrates the interest of the securities of U.S. government: $ 40B Payments to U.S. Treasury … 34 billion dollars – Re: Here intraagency, debt is a report that analyzes the company's debt intraagency: http://www.treasurydirect.gov/govt/reports/pd/feddebt/feddebt_ann2008.pdf On September 30, 2008 ($ million) SSA: Federal Old-Age and Survivors Insurance Trust Fund of $ 2,150,651 (or $ 2.1T) OPM: Civil Service Retirement and Disability Fund 714,850 HHS: Federal Hospital Insurance 318,741 SSA Trust Fund: Federal Disability Insurance Trust Fund 216,487 Department of Defense Military Retirement Fund 215,949 Department of Defense: Department Defense Medicare Eligible Retiree Health Care Fund 112,726 DOL: Unemployment Trust Fund 72,432 HHS Federal Supplementary Medical Insurance Trust Fund 59,090 DOE: Nuclear Waste Disposal Fund 42,570 OPM: Employees of Life Insurance Fund, 34,397 OPM: Postal Service Insurance Fund FDIC insurance-32294: The Deposit 29,937 Insurance Fund DOL: Pension Benefit Guaranty Corporation 22,367 FHA HUD – Settlement of accounts 19,085 Treasury: Exchange Stabilization Fund 16,847 OPM: Employees Health Insurance Fund DOS-15563: Foreign Service retirement and disability fund 14,855 DOT: Highway Trust Fund 12,811


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