CicerosGhost Wrote:
Jan 13, 2013 3:59 AM
Sorry, but no... For now at least, the fed has restricted its monetization to exchanges of debt instruments or equities (something of (at least perceived) value). The FED, given it's recent pattern, will only monetize the debt instruments available to it (by an issuance authorized by congress)... If the debt ceiling isn't raised, then they actually CANNOT monetize the federal budget.... As to the assumption that '...there is no other way...." Check your math... Us revenues average 260 billion a month... After debt service 42 billion a month, SS about the same, MC 47 billion, DEF 68... little else is funded but the budget IS balanced....