SHOWS THE IGNORANCE OF THE PRESIDENT, CONGRESS, AND THE NEWS MEDIA.MONEY IS THE MEDIUM OF EXCHANGE FOR GOODS AND SERVICES. MONEY SHOULD BE TIED TO THE VALUE OF GOODS AND SERVICES, AND NOT TO SOME GOLD STANDARD MENTALITY, A NATIONAL DEBT, OR SOME OTHER WORLD CURRENCY. THE NATIONAL DEBT IS A MYTH. WE DO NOT NEED TO BORROW MONEY FROM ANYONE. ARTICLE 1, SECTION 8, OF THE CONSTITUTION GIVES THE FERERAL GOVERNMENT THE POWER TO CREATE MONEY.
MONEY IS NOTHING MORE THAN NUMBERS ON A COMPUTER CHIP. THE QUESTION THAT THE PRESIDENT, CONGRESS, AND THE NEWS MEDIA NEED TO ASK: ARE THERE PEOPLE RESOURCES AND NATURAL RESOURCES AVAILABLE TO CREATE GOODS AND SERVICES?
IF THE ANSWER IS YES, MONEY SHOULD BE CREATED TO PUT ALL THE UNEMPLOYED PEOPLE BACK TO WORK. THE NATIONAL DEBT IS STUPID. THE PRESIDENT, CONGRESS, AND THE NEWS MEDIA ARE ACTING STUPIDLY!
TEN BILLION DOLLARS ENDOWNMENT FOR A HOME LOAN FUND
FOR PEOPLE MAKING TEN DOLLARS AN HOUR OR UNDER
Now is the time for the Federal Government to set up a home ownership fund for people making ten dollars an hour or less so these people can own their own home.
Every person would be able to get at least one loan to buy a house that the payment would not be over 30% of their income. Good credit, bad credit or no credit everyone would be eligible. Interest rates would be low and fixed for up to a period of 40 years.