Eliminate the National Debt
  Keith Broaders

If Congress authorized the Treasury Department to issue 1 trillion dollars and simultaneously took 1 trillion dollars in Federal Reserve Notes out of circulation in less than 2 years we could totally eliminate the National Debt

We could use the money to hire millions of men and women to help in repairing our roads, bridges, dams and levees, We would be able to use the debt free money created by Congress to pay the workers $40,000 ti $50,000 a year.

We would enough left over to pay off all existing student loans and and home mortgages. This plan would enable us to eliminate the need for the income tax, a d property taxes. We would have enough money to provide high school graduates with a $100,000 incentive to start their own business or fund their college education.

Federal Reserve Notes are a debt based currency. Every dollar created by the Federal Reserve is borrowed into existence Since every dollar is a debt instrument the total number of dollars in our economy is exactly equal to our National Debt.
Last updated  2018/06/21 12:11:30 PDTHits  1