With Dr. Summers as an economic/financial gatekeeper this nation will forever be debt slaves to bankers. He would not dare allow anyone to inform the President that the way out of this financial morass is to follow Lincoln's playbook. Summers, Geithner, Bernanke, et al would be out of work and we'd have no need for an income tax, but yet have all the funding we needed to conduct the two wars, move to a green economy and much, much more all without the burden of debt.
No, Summers won't let anyone even suggest that the Fed is the problem since we have to "borrow" from it to make ends meet. Ergo doing away with the need to borrow our own money just might be something the President needs to hear as often as possible.
Unfortunately, me thinks he already knows but won't bite the hand that fed him millions to get elected.
Since we are so deeply in debt and scraping to find resources for the war effort can't the president during war time use war powers to eliminate the constraints to our acquiriing resources to win the wa? And, wouldn't those who hinder that effort with userious interest charges be guilty of aiding and comforting the enemy? Just wondering.









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