Nonsense. Just print up a butt-load of these...
Problem solved.
Well, if they can’t print it, I suppose they could just add a few zeros onto the EBT transfer cards. Computuer programs that are running on tetrabytes will just have to make a few more zeros. No one is fooling anyone, we just know the value of a zero.
There ALREADY isn’t enough money in the world to fund US Debt. The Federal Reserve has to buy (ie. print) 70+% of US Debt issuance now.
try to imagine where interest rates would go if the FED did not buy US Debt.
That is why the Federal Reserve is the first and most important pillar of Progressive plans for Government. No FED means no money printing, which means the Gov’t must pay real interest rates on debt, which means Gov’t spending would be eventually be checked by the market, which means the Gov’t would not be able to run massive, long-term deficits as they are now, which means they can’t fund the welfare state.
We should round up every single idiot that voted for obama and have them arrested!!!!! They are just as responsible for this debt as obama!!!!
Obama’s America.
He promised to foundationaly change America.
They even banned 100 watt lightbulbs are are forcing us to buy mercury laden curly bulbs , banned big sodas, and a million other freedom robbing laws. They banned light bulbs because of decades of fake government funded research on the hoax called global warming. this alone proves socialism doesn't work that they have funded trillions of $ of global warming research. Oh so we now see there is no global warming so they rename it to climate change.
This country became great because it was the freest and had the most limited government.
A vote for democrats is a vote for tyranny, slavery, and economic failure.
Nonsense. Just print up a butt-load of these...
Problem solved.
Of course there will be “enough money”!
Bernanke can pull up the necessary app on his workstation, and create as much ‘money’ as he wants to. Now, if the ‘money’ had to be converted to hard cash for any reason, that could be a problem as there wouldn’t be enough physical capacity to print it all in a timely matter. Hell, we’d probably run out of trees/cotton right now if we tried paying off our national debt in cash. Our creditors will just have to accept our binary ‘digi-dollars’, or wait awhile.
I can’t be overdrawn, I still have checks?
>> There just simply isn’t enough money out there... foreign governments will have to expend 4% of their GDP every year just for us to roll over our debt!
If they fail us, America’s Sugar Daddy Ben Bernanke has an ENDLESS appetite for treasuries.
However, this article like many, about sovereign debt, misses the main point. The main point is that USA and other nations no longer plan to borrow money from any known source. They plan to, if fact have started years ago, borrow money-out-of-thin-air (MOOTA). That's right, when they want more money they just call up their pseudo-national bank and request a loan. Their pseudo-national banker says fine&dandy and pulls up their exclusive money transferring screen wherein they transfer the requested _money_ TO the government (GOV), FROM nowhere! They most assuredly record this transaction as a debt owed by GOV, in their spreadsheet.
Since it is guaranteed that this kind of transaction will, and is, completely unraveling the worlds’ economies, businesses and soon the very lives of those who live upon the world, there are a whole lot of people who need to get a small clue...
“Soon There Won’t Be Enough Money in the World to Fund US Debt”
Ha! The amount of money that the Bernank can create is limited only by the number supply.
QE-ternity can expand the money supply to infinity and beyond.
As others are saying, the Fed will just print more money and “buy” T-bills.
Depends on what you mean by money.
From 1796 to 1912, the “money question” (what is it, who decides, and how are interest rates set) was one of the top three political issues in every election.
We have become so inured to the novel form of “money” that we use now that it seems normal, when it decidedly is not.
They’ll just keep printing more. Heck they don’t even have to print it these days
It is not his intention to "deal with that crisis", he is fully aware of what he is doing as he heads for the precipice with his foot flat out on the gas. It is his intention to destroy our economy. I base that assumption on his performance to date, there is no other explanation.
Regards,
GtG
Here are the simple questions that all Republicans should be asking Obama:
Mr. President, are you consciously trying to wreck the American economy?
Mr. President, everyone agrees that the present course is unsustainable. Why do you continue to push us along this path?
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[Want a solution? Here’s a start. Get rid of baseline budgeting, which guarantees annual increases. Freeze all budgets in place. Then start cutting waste and redundancy. I believe that Romney would have done something like this.]