GOP Lawmakers to Fed: Stop Printing Money

Tuesday, June 9, 2009 1:42 PM

By: Dave Eberhart

Some GOP lawmakers want Uncle Sam to stop printing money — fresh U.S. dollars being used to buy down the ever-burgeoning U.S. debt, according to a Fox News report.

Rep. Mark Kirk, R-Ill., and three colleagues sent a letter to Federal Reserve Chairman Ben Bernanke imploring the Fed to stop monetizing debt — or manufacturing funds to buy U.S. Treasuries.

“Unless we put a stop to the new policy of creating money to cover debts, we will steal our future and end the Founding Fathers' gift of financial integrity. We urge you to rapidly end this new policy of buying U.S. debt with newly created dollars,â€