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Re: “Thursday Must Read: Brown Appoints Two with Ties to Prison Guards; He Also Taps the PG&E Exec Behind Prop 16

$600 trillion derivatives market = opportunity to reduce National Debt by an additional 1/2 $ trillion yearly

A small 0.5% transfer fee on the $600 trillion Derivatives market would pay off the debt without cuts in Social Security, Medicare or Medicaid. It would raise $500 billion per year.

Reference: How to Pay Off the National Debt by Kainz available at Barnes and Noble or amazon.com

Posted by jimkainz on 04/19/2011 at 12:20 PM

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