Fed Quietly Revises Total US Debt From 330% To 350% Of GDP, After "Discovering" Another $2.7 Trillion In Debt

Posted by UncommonSense 9 years, 1 month ago to Economics
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Oh boy. Yep, lots of change as promised. Who believes this debt can get paid back? Instead of raiding the meager banks accounts of Joe Average American, in the interest of "redistributing the wealth", why not raid the pockets of the unregulated Hedge Fund manager's and have them pay off the debt and make it a law? Suddenly (to the Hedge funders), having all this debt suddenly doesn't look like a great idea.
SOURCE URL: http://www.zerohedge.com/news/2015-10-11/fed-revises-definition-total-credit-unexpectedly-discovers-another-27-trillion-debt


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