[varmintman]

The only little problem... our entire money system is based on federal debt, i.e. you could freeze federal debt at or below present levels for all time and you'd still have the problem of not being able to expand the money supply for the needs of an expanding economy into the future GIVEN THE PRESENT SYSTEM OF MONEY. That problem needs to be fixed at the same time you fix the debt limit problem.

http://www.webofdebt.com

[CodeToad]

” you’d still have the problem of not being able to expand the money supply for the needs of an expanding economy into the future GIVEN THE PRESENT SYSTEM OF MONEY.”

That’s not true. The fed expands the cash and credit supplies constantly, and it isn’t tied to the debt in any way. We have fiat currency, and that is a terrible thing.

The debt, however, causes more money to be made available and that is a very bad thing as it dilutes the cash that you have in your pocket.