From what I'm hearing, QE3 may already be quietly underway.

So far, the assumption in this thread seems to be that $16T in Fed "loans" = $16T in national debt.

What if it's $16T in Fed loans + $16T in federal budget debt = $32T in national debt?

Comments?

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Just say "NO" to Ethanol - Drive Diesel

Mitchell Oates
Mooresville, NC
'87 300D 212K miles
'87 300D 151K miles - R.I.P. 12/08
'05 Jeep Liberty CRD 67K miles
Grumpy Old Diesel Owners Club