Commentary on K-12 use of redistributed federal taxpayer (and borrowed) funds

Additional commentary.

Madison, too has received substantial federal taxpayer (and borrowed) funds.

Philip Grant (almost daily Grants)

Indeed, a pair of abiding relics of Uncle Sam’s rescue effort: Federal debt held by the public stands at $21.8 trillion, up 24.5% from a year ago. Similarly, Gregory Blaha of Bianco Research notes today that Fed owns 21% of the Treasurys market, up from 13% a year ago.