[kazen44]

> Why do they need reserves? Abolish all federal obligations

this would result in the country having no money to pay for a proper functioning goverment.

who is going to pay all govermental employees? the police, the army etc if the country has no reserve currency?

[johngladtj]

Once you cut of all the non essential expenses and handouts you'd be surprised at just how little money is needed to run a state

[toyg]

This is how you end up with bands of military and police extracting "road tax" as they see fit. Iraq circa 2004 is not a good model.

[Daishiman]

The top 3 expenses of any modern contemporary state are:

1. Retirements funds 2. Health care 3. Education

No program that seriously contemplates cost reductions can do without cutting back with these. Guess who the beneficiaries of these expenses are.

[johngladtj]

Like I said, unnecessary expenses.

[neuromanser]

See the Mad Max trilogy for a study in cut-down government expenses.