FREEZE IT NOW! Hell yes. They will print the money anyway, no matter what, so let ‘em print it, just don’t add 2 trillion dollars to the debt in addition to printing it.
Freeze it.
Watch ‘em print some mo QE3.
Hey is there anyway to stop the Gov from printing and printing and printing more money?
They don’t have to spend anything. Just think of the amount of interest being tacked on to our debt.
Actually freezing the debt mostly stops more printing. The legal fiction used to print money is that the Federal Reserve "buys" Treasury Debt. What they buy it with is printed money. So if they are limited in their printing to the amount of debt they can "buy." The reason I said "mostly" is because they can still buy existing debt from those who currently hold it. (Before "Quantitative easing" this was the only way the Fed could buy Treasury Paper. The euphemism used for this purchasing of existing debt is "Open Market Operations."
ML/NJ