Oh no MR Bill, I'm actually agreeing with Ron Paul,at least what I heard him say today. We should sell off part of our gold reserves to keep from raising the debt limit. That's part of my solution for our debt. Of cause I wanted sell part of the federal lands and have social security tax continue for those earning over 106 thousand dollars and I even wanted to sell part of our oil reserves. (The one that we are suppose use in case of cut off oil supplies from hostile nations)
Even though I think that the health care in the United States stinks, I would add 1/2% tax (that's actually 1% because employees put in) to keep medicare solvent. This wouldn't hurt the economy one bit,this amount is so minuscule when you think about. Compare it to fuel and food inflation this amount would be a joke.
One might even say it's anti-inflation. Huh
If raising the Fed rate is anti-inflation why isn't raising taxes anti-inflationary? They both take money out of the economy.
The one thing I didn't mention Congressmen Paul has his doubt that we actually don't have the gold reserves that the government says we have and he wants an audit. I say why not after all we can pay for it with a very small part of the selling of our gold.
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