This article was posted in Time’s online site on July 5th, no doubt as a reaction to the cry of foul by the patriot community that shook the net after their July 4th Time Magazine cover and article attempting to shred our Constitution.
The $1.3 trillion mentioned in this article would be a step in the right direction. And if it only turned out to be a trillion and would only take us to next summer and the heart of the 2012 election with a new debt ceiling crisis, I’m sorry, but that would be perfect.
As for Time’s contention that it would look bad if we made the Fed tear up this phony debt, well I hate to pop anyone’s bubble, but it already looks bad, like the surface of the water does to a drowning person going down for a third time.
Continue reading “Debt Ceiling: Could Ron Paul's Plan Save Us From Disaster, Twice?”