Paul introduces bill to cancel 1.6 trillion dollars in debt to Reserve (Ron Paul, parties)

[KUchief25]

Why isn't the media all over this? Oh dems didn't do it my bad. That means they won't vote for it either.

"Rep. Ron Paul on Monday introduced legislation that would lower the federal government's debt by canceling the roughly $1.6 trillion in debt held by the Federal Reserve.
Paul has argued for the last few weeks that the idea represents a quick way to make the growing fiscal crisis more manageable. Under his bill, H.R. 2768, the $1.6 trillion that the Treasury owes to the Federal Reserve would disappear.






The Federal Reserve began buying Treasury bonds in earnest late last year as part of its effort to keep long-term interest rates down. But Paul has argued that Fed purchases of Treasury debt represent a debt that the government owes to itself, and one that also leads to an unwanted and inflationary increase in the money supply.Paul has also said the Fed is allowing the federal government to continue a spending binge it otherwise would not be able to afford, and is forcing the Fed to print money to keep up."

Rep. Paul introduces bill to cancel $1.6T in debt held by Federal Reserve - The Hill's Floor Action

[cw30000]

Big medias will never cover Ron Paul because his represent the people.

Owners of big medias like the current system because it is to their advantage. They spend hundreds of millions and billions a year just to making sure they have the advantage. If someone like Ron Paul run this country, then everyone will have to play on the same rules.

[hilgi]

Originally Posted by KUchief25

Why isn't the media all over this? Oh dems didn't do it my bad. That means they won't vote for it either.

"Rep. Ron Paul on Monday introduced legislation that would lower the federal government's debt by canceling the roughly $1.6 trillion in debt held by the Federal Reserve.
Paul has argued for the last few weeks that the idea represents a quick way to make the growing fiscal crisis more manageable. Under his bill, H.R. 2768, the $1.6 trillion that the Treasury owes to the Federal Reserve would disappear.






The Federal Reserve began buying Treasury bonds in earnest late last year as part of its effort to keep long-term interest rates down. But Paul has argued that Fed purchases of Treasury debt represent a debt that the government owes to itself, and one that also leads to an unwanted and inflationary increase in the money supply.Paul has also said the Fed is allowing the federal government to continue a spending binge it otherwise would not be able to afford, and is forcing the Fed to print money to keep up."

Rep. Paul introduces bill to cancel $1.6T in debt held by Federal Reserve - The Hill's Floor Action

This is so yesterday, try and keep up!

Support H.R. 2768 Cancel $1.6T in debt!

[Swingblade]

It is a good idea but the bill will never see the light of day considering both parties are bought and payed for by the banksters. The only way this would become a reality if Paul was POTUS and he did it by EO and the SC upheld it.