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OpEdNews Op Eds    H1'ed 3/2/15

Who owns American Debt?

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Now, here is where a president with Balls comes in.

The next time Senator Haas threatens to shut down the government over the debt ceiling, the conversation might go something like this (a scene in the Oval Office):

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Haas: Perhaps the American people need to see what it's like to have the government shut down for a while.

Underwood: I have something different in mind.

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Haas: We've put several options on the table.

Underwood: All of which would re-label the Democratic Party the Tea Party and cost us the next election. No, we will spend the money necessary to pay for the programs Congress has already authorized.

Haas: But that would increase the debt past the ceiling...

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Underwood: No, because we will not be borrowing the money. We will pay for previous authorizations with these (President Underwood holds up a $5 United States Note). I see you are unfamiliar with our nation's money. This is a United States Note and it is issued by the Treasury Department. As you know, Treasury Secretary Kern works for me.

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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