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View Diary: Dear So and So: your Job has been deemed Non-Essential. Ta-ta! (5 comments)

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  •  If the current 38B number (4+ / 0-)

    in Spending Cuts holds ...

    it will only 368 years, to pay off the Debt,

    at that rate.

    Hmmm ... if only there were some other way,

    to raise funds, to pay our National Bills?

    Got Time?
    Take ten, to find something else informative and fun to read. Thx.

    by jamess on Fri Apr 08, 2011 at 04:45:22 PM PDT

    •  Seignorage. (3+ / 0-)
      Recommended by:
      jamess, ladybug53, DawnN

      Seems the US Treasury could just mint a $1 Trillion Dollar coin, deposit it with the Fed, and voila! Fixed deficit. No interest. Actually income, as the Fed cannot refuse a Legal Tender deposit, and will have to pay interest on it.

      Amazing how possible solutions aren't even mooted, let alone acted upon.

      Use Coin Seigniorage Now!

      PS: My daughter and her beau have both been furloughed. I won't say what it is she does, but she's probably saved thousands of lives if not more in her career. But they don't deem she's needed.

      Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

      by Jim P on Fri Apr 08, 2011 at 06:04:51 PM PDT

      [ Parent ]

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