Posted on 07/09/2011 4:42:15 PM PDT by CincyRichieRich
Kinda like borrowing your way out of debt, huh?
I feel better, LVR.
Usually you and I are simpatico on the ideas we express.
Obama will negate the November 2010 elections if he overrules our Congress on this issue by executive fiat.
He has already done end runs around Congress many times. He negated the historic election of Scott Brown, who campaigned on his opposition to ObamaCare, by bribing Ben Nelson and others to switch their votes.
We basically don't have the vote anymore.
Obama will negate the November 2010 elections if he overrules our Congress on this issue by executive fiat.
He has already done end runs around Congress many times. He negated the historic election of Scott Brown, who campaigned on his opposition to ObamaCare, by bribing Ben Nelson and others to switch their votes.
We basically don't have the vote anymore.
GMTA FRiend ;)
Good question.
No election? Then how will the electoral college be chosen. There is no national election only 50 individual ones.
Exactly! They put people in jail for what the Government is doing.
ALERT!!!! Like Bush, perry is a Globalist, a One wo4rlder. Is anyone listening to Jan Markell right now. She is talking today about how Obama is ushering the Muslim Brotherhood into our blessed country! Communism, Socialism, Fascism and Islam are all segments of the New World Order! What Bush 41 and 43 promoted with their New World Order is being finally carried out by Muslim Barack Hussein Obama! SHE IS ON YOUR LOCAL FM RADIO. tune it in!
You seem to be ignoring the fact that the largest purchaser of Treasury Paper these days is the Federal Reserve. They can print as much of their own paper now to "purchase" Treasury Paper as they want.(It was formerly illegal for the Fed to hold Treasury Paper as an asset "backing" their "notes.")
ML/NJ
My, I’ce no idea how that completely slipped my mind.
Or Obama could have them tear up our debt they already own and accomplish the same thing legally.
It’s a fantasy financial world.
Right now he couldn't, legally anyway.
The Fed is required by law to have "backing" for the "notes" (They're not really notes anymore, but that's another issue.) they issue. (Issue is a nice word for print.) The backing started out being gold and securities, but Treasury Paper was forbidden by law. Now Treasury Paper is virtually all they have for backing. This is a joke of course, but it is a legal joke.
ML/NJ
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