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A 100 Million Dollar Mistake?

Truly, this  mistake that cost well over a  million dollars is a symbolic reality of the governments total inability to really fix the economy. We are told in the pen of inspiration, ” There are not many, even among educators and statesmen, who comprehend the causes that underlie the present state of society. Those who hold the reins of government are not able to solve the problem of moral corruption, poverty, pauperism, and increasing crime. They are struggling in vain to place business operations on a more secure basis. If men would give more heed to the teaching of God’s word, they would find a solution of the problems that perplex them.”  {9T 13.3} 

How did the feds mess up the supposedly billion dollar stimulus injection.  Notice what this recent new article says concerning the million dollar mistake on the billion dollar stimulus, “As a metaphor for our troubled economic and financial era — and the government’s stumbling response — this one’s hard to beat. You can’t stimulate the economy via the money supply, after all, if you can’t print the money correctly.

“Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them — more than 10 percent of all existing U.S. cash — in a vault in Fort Worth, Texas, reports CNBC.

“There is something drastically wrong here,” one source told CNBC. “The frustration level is off the charts.” The article went on to say, “Combined, the quarantined bills add up to $110 billion — more than 10 percent of the entire U.S. cash supply, which now stands at around $930 billion. The flawed bills, which cost around $120 million to print, will have to burned.

“The new bills are the first to include Treasury Secretary Tim Geithner’s signature.  In order to prevent a shortfall,the government has ordered production of the old design, which includes the signature of Bush administration Treasury Secretary Henry Paulson. That, surely, is not the only respect in which the nation’s lead economic officials would like to turn back the clock to sometime before the 2008 financial crisis. To Read the whole article click here