Instead of Government "paying Down" the national... more »
I have an idea, Bill:
Instead of Government "paying Down" the national debt...
why not let Bondholders, looking to purchase a COD held at Federal Reserve, that could give them 5 times the rate of return than the yields could give them, also TAX FREE...
Why not let Bondholders come and take out a loan from Treasury for it, and use the Bonds themselves as DOWNPAYMENT?
As long as COD held in FED...no principal payments must BONDHOLDER-turned-COD holder pay...
Hope your interested...because more details on the QUICKEST way to take HALF THE NATIONAL DEBT off the books, AND SAVE SOCIAL SECURITY...given upon your reply! :-)