Tuesday, July 12, 2011
Ron Paul’s Surprisingly Lucid Solution to the Debt Ceiling Impasse
Source: The New Republic
Representative Ron Paul has hit upon a remarkably creative way to deal with the impasse over the debt ceiling: have the Federal Reserve Board destroy the $1.6 trillion in government bonds it now holds. While at first blush this idea may seem crazy, on more careful thought it is actually a very reasonable way to deal with the crisis. Furthermore, it provides a way to have lasting savings to the budget.
This is a Suspicious News News Brief. Read more at The New Republic.