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IPFS News Link • Government Debt & Financing

New bill to force US gov't to liquidate assets. Turns out there aren't any.

• https://www.sovereignman.com, Simon Black

This gave them 2 months to tackle a problem that's been decades in the making, with a debt that now totals nearly $19 trillion.

So far the solutions they've come up with have been nothing short of comical.

In fact the very first 'solution' introduced in a bill earlier this month was designed to give Congress special powers to kick the can even further down the road. Genius.

Then there was a bill proclaiming to "take the possibility of default off the table" by promising that the government's mandatory obligations would be paid first.

Wow. It's so pathetic that the government needs to actually pass a law just to reassure the rest of the world that they'll pay their debts.

It's like being flat broke and telling your landlord, "Don't worry, I know I don't even have enough income to feed myself, but as soon as I get some money, I'll pay you first."


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