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View Diary: There's one foolproof plan to avoid the looming budget sequester: repeal it (66 comments)

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  •  Why not just go totally nuts with this thing? (1+ / 0-)
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    bryduck

    Replace the "Greenback" with Blue Dollars.  Declare all Greenbacks null, void, and non-exchangeable for Blue Dollars outside the United States.  Declare null and void all foreign-held stashes of Greenbacks and all foreign-held bonds and debts formerly exercised via the Greenback.  Tell the world that "from now on, they have to buy our stuff from us with Blue Dollars --- and then manipulate the living hell out of the new currency (just like China, but put it on some serious steroids).

    The rest of the world no longer owns half of America; they're no longer sucking the life out of the economy through interest payments on debt, and since they probably won't want our new mney, we'll actually have to start manufacturing stuff in the US again.

    Hey --- it's been a crazy day, okay?

    Proponents of gun violence own guns. Opponents of gun violence do not own guns. What part of this do you not understand?

    by Liberal Panzer on Mon Feb 11, 2013 at 08:15:11 AM PST

    •  Crazy it may be, but a *total* reset (0+ / 0-)

      may be the only way to square this circle without completely killing what is left of the middle class. I'm not sure what you'd do with held wealth, but returning the estate tax to somewhere north of 50% would help. We are supposed to be a meritocratic country, after all.
      Dreams . . .

      "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

      by bryduck on Mon Feb 11, 2013 at 09:14:17 AM PST

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    •  LP - Wow, we could be a third world country too (0+ / 0-)

      that does not fulfill its obligations to other nations and people outside our shores, what a great idea. NOT.

      "let's talk about that"

      by VClib on Mon Feb 11, 2013 at 10:48:06 AM PST

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      •  We're kinda-sorta doing that right now. (0+ / 0-)

        But "wiping the slate" and shifting to a "tabula rasa" methodology would effectively wipe out the hyper-profiteers that have trashed our economy and came within a smidgen of bringing down the world economy.  Once they're effectively out of the way, we make good with everyone else, and leave the so-called "Masters of the Universe" treading swill....

        Proponents of gun violence own guns. Opponents of gun violence do not own guns. What part of this do you not understand?

        by Liberal Panzer on Thu Feb 14, 2013 at 01:44:44 PM PST

        [ Parent ]

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