Showing posts with label treasury. Show all posts
Showing posts with label treasury. Show all posts

Monday, October 14, 2013

Dear Rand Paul

You should be scared. And every single one of your fellow Senators and Congressmen and women.

If you have taken any economics classes, you must have forgotten some of the key tenets:

1. People tend to be rational actors, but markets may not.
2. Printing money does not solve any problems.

To put it simply:

1. If you tell people you will pay them back, you pay them back.
2. If you do not, they send in the collection agency to take anything of value.

I'm sorry, I don't want the Chinese coming to get our national monuments, etc., if we don't pay them back.

I worry about Aunt Mabel, who has T-bills, if she doesn't have the full faith in credit in the U.S. government she will starts sewing money back into the curtains. This has happened in her lifetime, and I've seen money with those holes from the thread of an electric sewing machine.

All 80+% of us Americans who are mad as hell want two things:

1. You do your job and reopen the government.
2. You take care of the debt ceiling so the US Treasury department can pay the U.S. government's bills.

Remember this tomorrow, while you are off and getting paid, and the rest of the government employees are furloughed.

Here's hoping your Christmas presents (an economics lesson, a clue and a pink slip) get delivered early.

Sincerely not,

RehabRN