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To: GROUND ZERO™ who wrote (40725)11/23/2012 1:02:17 PM
From: Wayners3 Recommendations  Read Replies (4) | Respond to of 219358
 
Timmy Geitner says that the debt ceiling should go away entirely and that there should be unlimited buying of U.S. Treasuries for ever and ever. OK Timmy, if there is no danger from doing that, why are there taxes at all? Seems to me, the Govt can just safely operate on money created by and borrowed from the Federal Reserve. What in the F are taxes for exactly?