Thursday, December 13, 2012

Here's another good place to cut spending.

I found a place where the government can cut a bit over a trillion dollars out of the budget and prevent hyperinflation: kill the QE 3 and QE 4. 

QE3 authorizes the use of $40 Billion per month to buy up  junk long-term government bonds.  QE4 (announced yesterday) adds another $45 Billion per month to the original figure.  That's $85B/month, or $1.02 Trillion per year. 

So, to reiterate, we can halve deficit spending by stopping printing money we don't have to buy debts we can't pay off, boot most of the worthless bums off of welfare spending of all types, and scrap 0bamacare. 

I've got other ideas, but don't have the time or credibility to explain them.

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