--Bruce: Where does the Fed get the money to loan to the government? Not a rhetorical question. I am reading about the Fed and recently read that the Fed has no money. Is a puzzlement!
Fritz
From: tea-party-patriots@googlegroups.com [mailto:tea-party-patriots@googlegroups.com] On Behalf Of Bruce Majors
Sent: Saturday, January 08, 2011 7:09 AM
To: tea-party-patriots@googlegroups.com
Subject: Re: {Tea Party Patriots} the debt limit
China and the Federal Reserve
and the taxpayer is the collateral
On Sat, Jan 8, 2011 at 8:02 AM, lbiglee75 <lcom> wrote:
I would like to know the answer to this question of who is the lender
when they increase the debt ceiling? Maybe if the lender will put the
brakes on the run away train of lending we might begin to solve the
problem.Folks look in the mirror the lender is on the other side.
On Sat, Jan 8, 2011 at 4:09 AM, Bruce Majors <majors.bruce@gmail.com> wrote:
> if no one will lend to you you can't spend
>
> On Sat, Jan 8, 2011 at 1:46 AM, Lee Poteet <l55pmail.com> wrote:
>>
>> Amen, Fritz. Very well said. But if we don't overspend we won't have to
>> borrow.
>>
>> On Wed, Jan 5, 2011 at 1:59 PM, Fritz <fjma.net> wrote:
>>>
>>> I think there are two reasons, Bruce. First, a repudiation of the
>>> national debt would seriously jeopardize our financial standing in the world
>>> and make it impossible to borrow money. That would put the US in the same
>>> boat as Greece, Italy, Ireland, etc. Second, the national debt is only a
>>> symptom of the problem we have. The problem is SPENDING. So rather than
>>> spending time on financing schemes that would take the government off the
>>> hook for past sins, we must concentrate on the real problem and decide how
>>> to reduce federal spending. First reports suggest that Republicans of the
>>> 112th Congress are poised to do just that. They will need all the support
>>> they can get.
>>>
>>>
>>>
>>> Fritz
>>>
>>>
>>>
>>>
>>>
>>> ________________________________
>>>
>>> From: tea-party-patriots@googlegroups.com
>>> [mailto:tea-party-patriots@googlegroups.com] On Behalf Of Bruce Majors
>>> Sent: Wednesday, January 05, 2011 10:01 AM
>>> To: DefeatLibs
>>> Subject: {Tea Party Patriots} the debt limit
>>>
>>>
>>>
>>> Why don't tea partiers begin discussing repudiating and renegotiating the
>>> national debt? Why should we continue to guarantee or pay our drunken
>>> layabout thieving cousin's credit card bills? Why shouldn't we just
>>> repudiate federal debt so no one will lend to the FedGov and many will sue
>>> it and force it to try to raise taxes -- or privatize and sell off minerals,
>>> lands, and buildings?
>>>
>>> --
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>>
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