NahnCee, you have an interesting idea. But, whole counties or states need to stop paying cash into Zero Swindle Machine. Payroll withholding is about 45% – 50% of the government’s receipts (excluding sale of debt). That is why Counties or States should allow a payroll “holiday.” There are a lot of red states and red counties. It will take a lot to make 0bama feel the pain.
St3wi3, you have made a good point. But, in the long run or not-so-long run the bond market will notice the addition debt flooding the market. They will adjust interest rates higher and bond principle lower. That will hurt a lot of retirement funds, adjustable mortgage holders and individual investors. It could even hurt countries such as China (PRC) because they hold a huge amount of dollars and dollar denominated debt. It will be an ugly situation.








