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April 17, 2012

Fix income inequality with $10 million loans for everyone!

Under my plan, each American household could borrow $10 million from the Fed at zero interest.
The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. -- - The Washington Post

Posted by gerardvanderleun at April 17, 2012 11:56 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Sure, why not? We will just print all the money we need.

Posted by: Fat Man at April 17, 2012 6:06 PM

Works for me.
Best part is the Occupy Wall St. will have to pay the freight. That should show them the error of their thinking.

Posted by: Peccable at April 18, 2012 3:55 AM

And we know all the poor saps who take the loan will invest it wisely, when they pay off their drug dealers and bookies, first.

Posted by: Jewel at April 18, 2012 7:35 PM

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