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-- that Washington has no debt creation limit;
-- that quantitative easing buys all of it not absorbed by sovereign or private buyers;
-- that the Fed can issue whatever amount is needed to service it; and
-- most important that Congress can reassert money creation power, replacing Federal Reserve notes with Treasury ones interest and inflation free with no need to raise taxes if responsibly done.
Doing so would end the budget cutting/debt ceiling charade. Moreover, sustainable economic growth would follow because publicly controlled money would reignite it free from predatory bankers, wrecking the economy to buy assets cheap, complicit with corrupt politicians letting them.
A Final Comment
On July 12, economist Jack Rasmus tried "reading the debt ceiling tea leaves," predicting what he sees ahead, saying:
-- gutting Social Security and Medicare is planned;
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