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To: takenoprisoner

You are confusing, 1) debt with deficit, and 2) Federal Debt with the Federal Reserve.


63 posted on 12/27/2011 11:27:14 PM PST by Doe Eyes
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To: Doe Eyes
You are confusing, 1) debt with deficit, and 2) Federal Debt with the Federal Reserve.

Got it.

1. There is no deficit spending, and no debt.

2. Federal spending, which increases debt, which calls for the printing of more money, has nothing to do with the Federal Reserve.

hand palm slaps the forehead. What was I thinking?

64 posted on 12/27/2011 11:53:54 PM PST by takenoprisoner (Constitutional Conservatism is Americanism.)
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