January 10th, 2013
04:43 PM ET
7 years ago
Latest debt ceiling fix-it: IOUs
New York (CNNMoney) - The list of sorry ways to address the unthinkable is growing. Call the latest debt ceiling work-around the IOU Plan.
Edward Kleinbard, a tax and legal scholar, has offered up a contingency plan he thinks President Obama could adopt without causing a constitutional crisis if Congress pushes the country to the brink of default: Issue IOUs that can be sold and traded in private markets.
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Killing kids and safeguarding animals? All for gunrights, only in America. NRA madness, Wake up!
Suicide Prevention, and Look!
So easy, a Cave Man can do it!
[Read the Facts and Answer the Question.]
Fact 1: Group A is one side the country
Fact 2: Group B is the other side of the country
Fact 3: Group A decides to take all the money
Fact 4: Group B has no more money
Group B has no more money to buy Group A's products and services,
What happens to Group A?
A. Group A will make more money because it really grows on trees
B. Group A will make more money if Group A splits in two
C. Group B has no more money to buy Group A's products and services causing sudden economic crash, economic suicide.
D. Group A gives Group B some money so Group B can give it right back.
What's your answer?
– Sons of Light (Positive Life with Truth, Science, Math, and Reason)