Comment: "If the Fed stopped buying

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"If the Fed stopped buying

"If the Fed stopped buying securities...interest rates would rise...and the economy would collapse....and no...more countries would not take up the slack. We're peaked out on other countries buying our debt.....which is why the Fed has to come in to buy more to keep interest rates lower than normal."

I don't think this is true.

Other countries want to buy our debt. That is why the US government and the Fed put limits on how much of our debt can be purchased by foreingers...a side benefit of this is that our currency is not manipulated by foreigners (just Americans!).

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a