Simple solution: Nationalize all fossil fuel reserves in the US.
The US oil is an estimated reserve of 1.4 Trillion barrels. Times $80/bbl, you have more than $100 Trillion in assets. Coal is comparable. We the People own it, not them the Koch brothers.
Let's put our nation in super-solvency immediately: President Obama, nationalize all the fossil fuel reserves in the USA IMMEDIATELY! Invoke "right of Eminent Domain". US goes from $16Trillion in debt to $184 Trillion in surplus instantaneously. Medicare for everyone, high speed rail, the grid, and a super basic R&D budget! And, the People can have a 3 year break from paying income tax.
One might also note that in most cases of "Eminent Domain" the courts have sustained that the Government must pay fair market value for the asset recieved.
Great idea, if you decide to change the US Government into a Socialist dictatorship like Venezuela.
Shall we call him King Obama, or will "Great Generous Leader of the Foodstamp Programs?"
We are still here, and your guys are a mere shadow of your former selves. Even your successor,
the Hun Pope, was unable to get Romney to be Emperor. Instead we are stuck with less than Nero, and he isn't the least bit a hero
Our legions would eat your legions for lunch today. You don't even have Knights Templar any longer.
Having said I know that you have a legion in Southern Lebanon, along with the Gauls. If the barbarians start using their siege apparatus there, we shall show little mercy this time.
I like INTC due to its balance sheet, nice dividend, continued buy backs, excellent R&D,McAfee,
the weakening of AMD, and many other reasons.
I wish that Romney were emperor, rather than that Lying Fool in Chief.
Sentiment: Strong Buy
How'd that work out for Brazil, who instituted a price ceiling on the state-owned oil company.
Why do you assume that federal managers who will run such an enterprise are immune from the issues you obviously see in free market owners/managers?
Household, corporate, agriculture, natural resources, govt sectors all equally split the $16t. 110m households each burden is $29k amortized over 5 yrs equals $500/mo. After 5 yrs never issue another bond...PAY WITH CASH.
And in all honesty its the baby boomers responsibility to pay off 75% of the household debt portion, they are the ones that are living the good life with home paid off with massive returns in 401k/home appreciation. And they are the generation that allowed us to get in this mess.
If you plop that much on the market at once, you watch the price drop to $20/bbl ... also destroying hundreds of thousands of jobs and stock market value is not a good thing...
Sentiment: Strong Buy