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To: Doe Eyes
You are confusing, 1) debt with deficit, and 2) Federal Debt with the Federal Reserve.

Got it.

1. There is no deficit spending, and no debt.

2. Federal spending, which increases debt, which calls for the printing of more money, has nothing to do with the Federal Reserve.

hand palm slaps the forehead. What was I thinking?

64 posted on 12/27/2011 11:53:54 PM PST by takenoprisoner (Constitutional Conservatism is Americanism.)
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To: takenoprisoner
1. There is no deficit spending, and no debt.

There is deficit spending and debt. Both are way too big. Spending must be cut.

2. Federal spending, which increases debt, which calls for the printing of more money, has nothing to do with the Federal Reserve.

Federal spending does not call for the printing of more money, it calls for the borrowing of more money.

Government borrowing has nothing to do with the Fed, it's the responsibility of the Congress.

Got it.

I don't think you do.

What was I thinking?

You weren't.

73 posted on 12/28/2011 9:58:09 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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