National Debt Clock

Tuesday, June 9, 2009

GOP Lawmakers to Fed: Stop Printing Money

http://www.newsmax.com/headlines/gop_fed_printing_money/2009/06/09/223162.html

“Creating dollars to cover debts gives markets a short term boost at the expense of debasing the dollar and triggering inflation. To date, the Federal Reserve has already created over $130 billion to cover $35 billion of long-term debt and over $100 billion of short-term securities”

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