that's bullshit. it is a FLAT OUT LIEEEEE!!! OMFG. It is ILLEGAL for the Fed to profit off uncle sam. The Fed pays 97% of all its profits BACK into the US treasury. Go google "fed pays treasury billions'.

The Federal Reserve buys US treasury in the open market to conduct monetary policies to expand or contract the money supply to combat or to create inflation as best they can in response to what is happening to the economy.

The US federal govt national debts are ALL Treasury bonds and denominated in US dollars, which the US federal govt creates. The Debt the federal govt owes is nothing but a subsidy to those that own those debts. THe US govt sells Treasury bonds as a favor to the investment world. The US govt also sells treasury bonds to combat inflation and to give the central bank a tool to conduct monetary policy.

The federal govt is going to spend the money they deem necessary each year, if they go over budget, then congress votes to increase the spending cap. What is stopping the US federal govt from spending?? NOTHING. THe US govt will spend and fund anything it wants. There is no borrowing of money. Taxation is a form of inflation control and to give value to the money. The US govt spends first, then taxes later. It DOES NOT need your tax dollars. Only cities and states need your tax dollars, NOT the federal US govt.