Debt Problems

I have an idea to solve our national debt. Could you hewlp with teh details please?

I thought if I could get all the pennies in the us together and use that money to start some sort of trust that will not allow with draws until a certain amount of time and money has pasdt and gained and then that money would be used to help pay the national debt or be given out to those in need. The idea was inspired by Ben Franklin who had a trust found in philly where if the politicians kept their hands off it, well by now would have generated enough money to pay the national debt three times over. A little bit added up over time eventually becomes a huge amount and a total of small amounts would equal into a huge sum and figured such an approach might solve this problem.

Public Comments

1. I've got a feeling that the only way to get out of our national debt is to go into a voluntary depression. Which would never happen, because...seriously, who would want to sacrifice their state of living for something like that?
2. The debt is about 8 trillion dollars and all the US currency in circulation is 800 billion and pennies are only a small part of that. By the time the pennies grow in value so will the debt because it also increases with interest every year.
3. "Reagan proved that deficits don't matter." Next question?
4. The crazy thing is the whole system relies on DEBT its a machine that has risen steadily since the 1950s in trillions. The more debt the better it is all regulated by the government and propagated by the banks. The banks create money out of thin air when you get a loan ''That's what banks do give out loans with the false image of save your money here.'' They need a 10 over 9 ratio at all times in order to keep the checks and balances well.. balanced. Lets say you get a loan for 30,000 grand by a car and the dealership cashes that check at another bank boom! That money is now circulating and your paying the bank back in interest on money it never actually had in real cash. Since the us economy relies on debt to create wealth for the corporate few saving pennies isn't the answer. No offense I love the noble idea but our system is a bit screwy. I will add a penny a day times itself for 30 days is about 6 million so maybe your into something my Friend.