Source: http://www.govtrack.us/congress/bill.xpd?bill=h112-2768 Ron Paul want the U.S. government to default on its debt. And the millions of Americans who own three-month T-Bills? Won't they complain? Not a problem! In spite of the fact that every three-month T-Bill is identical, it is entirely possible for the Paul administration to stiff only certain holders of T-Bills while honoring their debt to other holders of T-Bills. And, if you don't believe Ron Paul, just ask Dilbert! Click here for a more detailed critique of HR 2768.
The debt will be liquidated. It cannot be paid. The longer we wait, the worse it will be. The only reason for propping it up is so politicians can avoid having the dirty deed done on their watch. In other words, so they can get reelected. RP is more concerned about our country's future than his political future.
Give the man an "A" for clarity! Unlike Ron Paul, Stephen Zarlenga does not try to baffle us with buzzwords about "limited" government. He tells us right up front what he expects from HR 2768. More government goodies! U.S. socialists have been promoting this scheme for some time. It is only recently that Ron Paul jumped on the socialist bandwagon. 16 September 2009 to be exact.
I've seen a Sawbill and many Razorbills but never a T bill . If "T' is an abbreviation for Treasury , isn't that a misnomer . A Building full of imaginary money can not be called a Treasury . An illusion perhaps .
