As Washington continues to rapidly spend money it does not have, the Federal Reserve has resorted to creating funds to buy U.S. Treasuries, a practice known as “monetizing debt.” The Fed is essentially printing new money to buy our own debt.
Beyond the paradox of printing new dollars – money that did not exist – in order to cover current debt, this practice threatens to devalue the dollar and lead to runaway inflation. Moreover, it could lead to the U.S. losing its AAA international credit rating, which would be disastrous for our economy and financial markets.
Rep Erik Paulsen, (R) representing MN CD3 took the house floor defending the case of small businesses in a late night floor debate June 4th. "High taxes are the hinderance", "I'd like to see the government NOT picking the winners and losers".
What: State Central Welcome Social - Hosted by SD46
When: Friday June 12th, 5pm - 8pm
Where: Central Park shelter behind the Brooklyn Center Community Shelter / 6301 Shingle Creek Parkway / Brooklyn Center, MN 55430 link to googlemaps. Just blocks from the State Central Convention venue
Features: Enjoy pizza, ice cream, and spending time with friends! Suggested donations go to SD46 Republican Party. Guest speakers Marty Seifert, Dave Swan and More appear from 6:30-7:30.
Meetup with your friends at the park before hitting the hospitality suites! This event is not affiliated with any particular candidate for leadership. Contact Ryan at 612-747-9357 with any questions or to join the speaking lineup.
