The solution to the deficit

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GarfeildRepublican's picture
The solution to the deficit

This was not my idea- it's quite old actually, but it will work. Atached is the solution to all of our nations financial issues. We will call them United States Notes, and we will print enough of them every year to balance the budget. Abraham Lincoln did it during the Civil War, and we continued printing them even until 1971. So this isn't some odd old idea that I pulled out of my ass.

You may ask me, 'but, Garfield, can the government do it? Is it legaly enabled to print money?' And the answer is yes, because Article 1 Section 8 of the Constitution says:
"The congress shall have the power... To coin money, regulate the value thereof..."

There you have it folks, debt free paper money- print it and balance the budget.

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SBMontero's picture
Leaving aside inflation, Didn
GarfeildRepublican's picture
Yes, but we shouldn't have,
mykcob4's picture
No, it isn't unconstitutional
GarfeildRepublican's picture
The question was with regards
mykcob4's picture
There is nothing
GarfeildRepublican's picture
Jefferson disagreed, he
mykcob4's picture
Jefferson played no part in
GarfeildRepublican's picture
I know he didn't literally
GarfeildRepublican's picture
This is from Yale University,
GarfeildRepublican's picture
http://www.let.rug.nl/usa
mykcob4's picture
Garfield, you keep touting
GarfeildRepublican's picture
"Garfield, you keep touting
mykcob4's picture
A better idea would be to tax
GarfeildRepublican's picture
Perhaps, but the money goes
mykcob4's picture
The government doesn't print
GarfeildRepublican's picture
I know that. The deficit now
Danny Craft's picture
I understand and respect the
CyberLN's picture
Welcome back, Danny!
Danny Craft's picture
Thank you Cyber! Hope you're
Nyarlathotep's picture
More Fed Reserve conspiracy
GarfeildRepublican's picture
Where's the conspiracy theory
Nyarlathotep's picture
The conspiracy is the
GarfeildRepublican's picture
A conspiracy theory is when
Nyarlathotep's picture
You are implying a 200 year
GarfeildRepublican's picture
The Federal Reserve isn't 200
Nyarlathotep's picture
GarfeildRepublican - The
GarfeildRepublican's picture
The Supreme Court said so? I
Nyarlathotep's picture
GarfeildRepublican - Either
Sky Pilot's picture
Damn, we can change the
mykcob4's picture
Creating the Fed is in no way

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