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Don White Don White is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 8,995
Default The way out of our economic trouble.


"Tim" wrote in message
...
On Dec 6, 8:51 am, "Reginald P. Smithers III, Esq."
wrote:
http://tinyurl.com/economic-solution

Now this is the kind of creativity we need to solve our economic problems.


Nuts. My dad had a rather simple way to solve the current U.S. debt.
He said it would need to be well orchestrated, but every U.S. citizen
would need to go to their respective court house and file for
bankruptcy at once.


After all it's said "We just owe it to ourselves"

case closed and debt solved.

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The only problem here...you would reward those who were irresponsible with
their personal finances, by wiping out their debts.
The retirees etc who squeezed every dollar to build a nest egg would lose
big time as their investments shrink.
(somewhat like what's happening now only much worse).