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Entry: Greenspan's Gambits Link: http://www.takimag.com/site/article/greenspans_gambits#5320 Post contents: Sid sed: "Yet the money isn’t there, the deficit will grow until lenders will stop lending and holders of bonds will demand payment, and in desperation Hillary will ask the Fed to print money..." The US dollar is technically not "fiat" money, as were the greenbacks printed by Lincoln during the Civil War. The "Fed" is a private institution, the "privatization" of money, technically. There is plenty of money for things like Medicare if the rich paid their fair share of the tax burden, and we ended our Imperial plans for the "flat earth" theory of economic "interdependence", and the military spending that sustains it. And with the Social Security Payroll tax accounting for 67% of all federal revenues, it's hardly in a position to go bankrupt if we end the occupation of the Mideast, and cut military spending by 1/2. One of the dirty little secrets of the Greenspan years has been the transfer of the tax burden from the rich to the middle class, via the income and capital gains tax cuts and the increases in the payroll taxes. The rich DO pay the majority of income taxes, but the middle class and the working class pay the majority of ALL revenue to the Federal Government. In all fairness to you, Ron Paul DoES want to abolish the FED, and the International Finance Capitalists that profit from it, but there is NO hope that what he's talking about will actually come to pass. Ron Paul doesn't represent mainstream "libertarianism", Alan Greenspan, Dick Armey and Neuter Gingrich do. Sent at: 2008 11 22