Pawlenty Just Suggested - Devaluing The Dollar........

[global1]

now on Andrea Mitchell on MSNBC. He's carping about the spending and the deficit and it was his president - his party - that got us into this situation.

[GodlessBiker]

1. How do you do that when the currency's value floats on the open market?

[berni_mccoy]

3. The government can declare that they won't pay back certain debts

Say, for instance, to China. The dollar will then be devalued on the open market by an amount relative to the debt. The government has done this in the past, for example after WWII.

[GodlessBiker]

5. Well, he should say what it is in plain English...let's renege on our debt promises.

[grantcart]

6. you vote to repeal gravity

currency value is as you note in the market place and Bush's policies have dragged it down 30%

[Jack Rabbit]

2. That's one problem the free market has solved,

No need for Congress to act.

[madrchsod]

4. the dumb ass does`t know it already is....

republicans are clueless

[Phred42]

7. Cange the term to: Free Fall Market

[hlthe2b]

8. The Bushies* have pretty much done that...

by default...:mad: