THE FEDERAL GOVERNMENT CAN NOT GO BANKRUPT; IT HAS THE POWER TO CREATE MONEY (ARTICLE 1, SECTION 8, OF THE CONSTITUTION).
HOW CAN THE INTELLIGENTSIA OF AMERICA BE SO BLINDED that they cannot see that the Federal Government must have a money system that can create and maintain an equivalent ratio of money to the goods and services that its peoples’ hands and minds can produce? Nature’s Basic Law of Economics states: All goods and services flow from the action of
people resources on natural resources— Money is the medium of exchange which should be equal to the value of the goods and services—and not to a gold standard or some other insane idea.
MONEY FOR BOTH DOMESTIC AND DEFENSE
The question should be: are there people resources and natural resources available for both? Money can be created (Article 1, section 8, of the Constitution). When are we going to wake up?
We don’t have to be a NATION OF ECONOMICS IDIOTS.
HOW TO GET THE ECONOMY BACK ON TRACK IN A FLASH BY GIVING 535 BILLION DOLLARS TO THE STATES
Give each state one billion dollars for each member of Congress– which would distribute the money equally among the states. States could keep all of their employees, and they could add a few more. They could create millions of new jobs by getting a lot of needed projects going. The Federal Government has the Constitutional authority to create new money. It doesn’t need to borrow it from China or anyone else. Giving 535 billion dollars to the states makes more sense than giving two or three trillion dollars to the banks.