How to Avoid Default

So what’s the big deal? We have a plan; a simple plan.

Print enough cash and pay off all the debt.

At least all the debt in the form of US bonds and notes that permit early redemption at the option of the issuer

The issuer is uncle Sam.

If we do this we no longer have a debt issue

Sometimes this essayist wonders why these guys who think they are so smart with all their eastern college degrees can’t just find an easy solution.

Here how you do it.

You give everyone with a US treasury bond/note a 30 day option to redeem their bond/note.

They can get cash at the local currency exchange (Illinois only) or bank or grocery store or apple store or Macy’s. Not Wal-Mart and Target because a lot of their crap is made in China (see the fine print.)

If they don’t turn in their bond/notes in the 30 day period then they will get paid off just as they would have otherwise. So, no default.

All we are doing is just accelerating the painful process that we have been doing month by month for years now. We borrow and print and borrow and print and when your bond comes due you either get more borrowed money or you get recently printed money. We’re just going to do it in 30 days and then we can move on; don’t worry about debt limit; granny gets her social security check; Obama voters don’t have to get jobs in the private sector (well not quite, see below) and food stamps and ethanol flow freely.

Now the smart money will grab the cash and then everyone will have pockets full of cash but the cash will have a small restriction on it. What’s that you say? The cash says, “Good only for products and services “Made in USA” until November 6, 2012.”

Now why that date you say? Well that’s when our courageous president will be asking for your vote. We figure if we do this plan, things will be booming by November 6, 2012. So he will sign it. His party will support it for the same reason. Well what about the republicans you ask? Cripes they are the ones who own the bonds. Are they going to say no to getting repaid? We don’t think so.

Now there is one of those unintended consequences to this deal. And it’s a good one. When we are all done with this little program/scheme we are not sure if a lot of foreign countries will want to buy anymore of our bonds which is a good thing. But we shouldn’t need it because we will be back to making everything we need here. Everything will say, “Made in USA”

No more Chinese crap.

Win win win win win.

Obama gets reelected. Debt is paid off or down big time. Lots of jobs in the new American based manufacturing plants. We stick it up the heines of our foreign competitors and Sarah Palin can ride off into the sunset on an American made motorcycle (hopefully.) Ron Paul can retire (Praise the Lord) and Newt and the loverly Callista can travel to more exotic places finding high caloric treats for the former speaker. We will miss Michele Bachmann and Herman Cain. We hope that those two will be the nominees in 2012.

Oh someone just asked about the big names on the democratic side. Well, we see big benefits there also. Barney Frank can move to New York and get married to Neil Patrick Henry. Lady Gaga can replace Hillary at state; and Bono can take over homeland security. With our budgets balanced we can move troops into Syria, Iran and Burma to start the much needed process of instituting democratic governments. Watch out North Korea and Venezuela. You’re next. New World Order here we come. Yippee.