TPM wonders if Upstate Republican senator Lee Bright has a personal reason to demand a new, state, specie currency:
It was only days ago that we brought you word that South Carolina state legislator Lee Bright (R-Roebuck) wants his state to set up its own currency -- let's call them Palmetto Dollars -- to protect South Carolinians and their savings from the catastrophe that will befall America when the Federal Reserve system collapses from Obamacare and too much fiscal Stimulus. Holding your savings in Palmetto Dollars backed by the full faith and credit of a smallish state in the Southeast should keep you covered during the coming global financial collapse.
But maybe there's another reason why Bright is so keen on cooking up a new currency.
TPM Reader TK passes on word that it turns out that Bright owes the S.C. Department of Revenue a cool $67,261.02. In fact, they got a lien on his company On Time Trucking.
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