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What The Nation Got For $800 Billion In QE

Sunday, August 4, 2013 - 8:13 AM
Since last September, when the Federal Reserve announced its third round of quantitative easing, known as QE3, the central bank has spent $800 billion buying bonds. That’s a stupendous sum, more than the budget for the Department of Defense and more than twice what the federal government spends on welfare programs, including food and nutrition assistance, unemployment benefits and disability payments.

This raises an intriguing question: What did the United States get for all that money?

What the Nation Got for $800 Billion
ShorebreakShorebreak2,364 posts since
Apr 6, 2010
Rep Points: 12,570
1. Sunday, August 4, 2013 - 4:39 PM
Nothing was mentioned about the reduction of FICA taxes for all workers for 2 years. That was over 30% of the 800 billion I read someplace. 
AllyAlly770 posts since
Jan 16, 2010
Rep Points: 2,236
2. Sunday, August 4, 2013 - 7:34 PM
800 billion stimulus and the 800 QE mixed up. 
AllyAlly770 posts since
Jan 16, 2010
Rep Points: 2,236