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.

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