Will the United States be the first major country to introduce debt-free, interest-free, government-issued money?
There is is no need for government spending to be dependent on borrowing, with interest charged to taxpayers for generations to come. If you look at Congressman Dennis Kucinich's Bill on Monetary Reform you will find a way out. All over the world goverments are paying down their debts. Kucinich's Bill (No: H.R. 6550) aims:
'to restore the authority of Congress to create and regulate money, modernize and provide stability for the monetary system of the United States, retire public debt and reduce the cost of public investment, and for other public purposes.'
[Note: 'retire public debt' , not: 'roll over the debt into more debt which runs for longer'.]
feature: REPLACING FRACTIONAL RESERVE BANKING WITH THE LENDING OF UNITED STATES MONEY
includes : 'MONETARY DIVIDEND TO CITIZENS'.
and: 'a program of interest-free lending of United States Money to State and local governmental entities, including school boards and emergency fire services for infrastructure improvements under their control and within their jurisdictions,...'
Look at this link for the full text: http://www.monetary.org/hr6550bill.pdf
Look at Richard Werner's video interview on Monetary Reform:
posted by Charles Bazlinton.The Free Lunch - Fairness with Freedom