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Debt Ceiling 16-20 Trillion Needed for President Obama and Congress

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opednews.com

President Obama and Vice President Biden need to rely on Federal Reserve Chairman Bernanke to print up enough Federal Reserve Notes to last for their second term.

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AP

President Obama and Vice President Biden need to rely on Federal Reserve Chairman Bernanke to print up enough Federal Reserve Notes (16-20 trillion plus) to last for their second term (2013-2017)

Of course, the Federal Reserve System permits the president and congress "to spend all they want" so the national debt ceiling by necessity needs to rise to 16-20 trillion for the president's second term -- but if the president and congress had to actually raise enough taxes to accommodate and pay for all their spending they would risk being voted out of office by angry voters and they will not take that risk.

However, the president, congress, and all the would be angry voters, should seriously start considering ending the national debt altogether by nationalizing the Federal Reserve System (Public Central Bank-Fire The Fed), revoking the bankers power to print money and make loans (end the national debt) to the Federal Government at interest.

There would be no more debt ceilings to raise and no more national debt owed to the bankers at the Federal Reserve - debt and interest free United States Notes issued by the Treasury replacing all the interest bearing and debt laden Federal Reserve Notes authorized by the Federal Reserve - Abolish The Federal Reserve System, thereby restoring the sovereignty, freedom, and independence of the American people and the fiscal integrity of the United States, assured, sound and secured.


 

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked Iraq (more...)
 

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The president does not have to "borrow" more money... by Lance Ciepiela on Thursday, Jan 3, 2013 at 8:18:58 PM
I'm fairly certain when the FED began, it was basi... by Kim Cassidy on Thursday, Jan 3, 2013 at 11:08:30 PM
... but I am both entertained and convinced by the... by Michael Rose on Friday, Jan 4, 2013 at 1:50:45 AM
Ben will print   AlexWong/Getty Images ... by Lance Ciepiela on Friday, Jan 4, 2013 at 4:35:34 PM
The truth is that it is really hard to deny that t... by Lance Ciepiela on Friday, Jan 4, 2013 at 1:09:25 PM
"1. It is incapable of accomplishing it's stated o... by Lance Ciepiela on Friday, Jan 4, 2013 at 2:22:22 PM