Here's a soft lie that must be debunked before it gets off the ground!

[customerserviceguy]

3. So

How's it going to be redeemed?

There are only three ways:

1) Federal budget surpluses where the amount of taxes taken in exceed money spent. In other words, raising taxes on the rich that already own enough of Congress that they're willing to drive to the point of recession to get what they want.

2) Flooding the market with 2-3 trillion dollars of new, fully negotiable securities. In other words, even more borrowing from investors overseas or domestically, who are already being offered T-bills and notes on to finance a budget that is not (and may never be) balanced as contemplated by point #1.

3) Simply issuing checks with no "real" money to back them up. In other words, simply inflating the currency, and heading down the path of Zimbabwe.

Do you see any other ways to get those IOU's (Bernie Sanders called them that, too) redeemed? And then, how are 2-3 trillion dollars going to cover the 15 trillion obligation of Social Security?