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View Diary: Working Class Taxes To Go Up No Matter What. (29 comments)

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  •  And where does the US get its money? (1+ / 0-)
    Recommended by:
    gramofsam1

    Eventually, someone has to pay for it.

    "When I give food to the poor, they call me a saint. When I ask why the poor have no food, they call me a communist." --Dom Helder Camara, archbishop of Recife

    by JamesGG on Tue Jan 01, 2013 at 11:43:48 AM PST

    [ Parent ]

    •  The Fed prints it and gives it to Treasury. (1+ / 0-)
      Recommended by:
      Chi

      Treasury mails it out.  They already do that but with Treasury Bonds issued - for a veneer.  If they want to issue another ten trillion in Treasury Bonds, fine.

      Preparing for the Mayan doomsday prophecy by hastily trying to get in the good graces of snake-bird god Q’uq’umatz

      by dov12348 on Tue Jan 01, 2013 at 01:11:54 PM PST

      [ Parent ]

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