posted
there are few solutions to this problem that do not lead to US being a third world country in the next five years.
the "trillion dollar coin" will solve this problem tonight.
they can make ten to twenty of them and pay the debt down.
think about that for a minute what can "they" actaully do with a trillion dollar coin? not much...
then they can reduce govt spending 1% per year until we reach 18% of GDP Govt spending.
they must stop all the imports at the border or raise import duties until the American worker can compete on an even playing feild with foreign workers until we have a balance import export cash flow.
i know it's insane,, but before you say that they can't mint those coins? read the 14th Amenment again:
Section 4.
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
it MAY REQUIRE the Treasury to mint those coins...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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