Posted on 02/28/2011 2:05:04 PM PST by 92nina
The White House recently announced it will shift debt from the Federal Reserve to the Treasury in an attempt to “buy time” on raising the debt limit ceiling. Rather than sly accounting, the federal government should dispose of the billions in assets it holds, stop the spending binge to acquire and maintain those assets and rescind the failed “stimulus.”
Read more: http://www.atr.org/mr-president-instead-buying-time-sell-a5884#ixzz1FIEeWKKl
(Excerpt) Read more at atr.org ...
Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and in Delicious and Stumbleupon
I’d like to make a bid on the D.C. mall.
Put in a few pay toilets and make bundles.
So they're going to borrow directly from the taxpayer now, or how does this ponzi scheme work?
How can this not accelerate the collapse of the dollar and the US economy?
Give people the option of foregoing any stake they may have in Socialist Security for 100 acres of any land that The U.S. owns.
He said he doesn't even want the mules. Just the land.
There is no “Mr. President”. There is a massive criminal fraud.
In other words, why add to any credibility the fraud has by begging from him.
This president has only one thing in mind spend, spend. Yes he knows how to sell, but the sales he is striving for is selling America short, selling her down the river(pick one somewhere in Russia, China or the 57 Islamic States throughout the world.
Obama wants to hold onto GM (which actually includes Chrysler/Fiat). When he believes he can establish his New America the Socialist utopia GM and Fiat will have the cars he has in mind for all Americans to drive. He is getting angry that America is rejecting the trains, this is hurting him with China and Spain, (he made promises to these countries that America will implement high speed trains from China and Spain - and Wisconsin, Ohio and Florida have barked no at him (WOF)). This has really irked him and has ticked off the Chinese - a dog barking back.
Look how much money he has invested in GE, from media to healthcare and GE is losing money.
Whatever Obama tries to sell is a losing proposition, but the investments that he claims are actually liabilities that are crippling the USA. The world leaders know it and they know Obama is a weak . he is now striving to show strength with Libya, goes in a finds the WMD - Qaddaffi’s mustard gas stores - Obama gets the praise he prevented mass deaths.
Now, I am not into conspiracy theories....but has it occurred to anyone that we have vast reserves of oil, natural gas, and other energy sources on our national lands. Has it also occurred to anyone that we are squeezing the bejeezus out of the Saudis?
A few years of that type of pressure and the Saudis are going to start coming up dry.
And we will have plenty. Why use ours when we can use theirs.
Sell government assets? Hell, he has plans in the works to take over as much of the oil rich and mineral rich productive land that he can here in the west. Just like Karter with his “Staircase Escalante” deal to benefit his campaign contributors from Asia.
I agree except that "ours" is not available. We cannot get it out of the Earth. Which means that these moslems hold a knife to our throats. We have enough domestic stock available to last a thousand years according to some.
Just opening up shale oil exploration would turn the US economy around in a few months. As far as the Saudi pukes stop buying from them. Let them deal with the Chinese and the Indians. We have no business funding their insane expansion of islam.
Unfortunately, we have a un-American moslem in the White House who is hell bent on destroying this country. He needs to be thrown out of office ASAP.
I dont disagree. It just seems if we allow the middle east fields to get so stressed they cannot keep up with the Chinese and Indian demands, we end up holding the cards with Russia and Brazil.
Unlimited credit for GSEs seen as backdoor bailout
Obama’s $6.3 Trillion Scam Is America’s Shame
And hey how about AIG pays us back they paid back the Fed but not the taxpayers and we own 92.1%.
The Fed gave AIG a loan. The Treasury bought preferred shares which were converted into common shares. AIG doesn't owe the Treasury any money. The Treasury needs to sell the shares to a third party to get our money back.
I don’t know if that’s a conspiracy theory or not, but for the sake of argument that would certainly explain the seemingly inept energy policy over the past several decades.
Whether people agree with that strategy or not, at least it makes sense and the thought of producing and selling $300 oil should make us Americans sleep better at night! We’d have that debt paid down in no time.
Let’s hope and pray that is the plan.
Right. But I wonder what the game is since (as you point out) we’re monetizing the debt already anyway. Are we as taxpayers better or worse off than if they weren’t getting the Treasury involved?
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