On Dec 6, 11:52*am, "Don White" wrote:
"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).

You could have a valid point, Don. But if the whole place tanks, no
one has any money anyhow.

(unless you turn it into cash first!)