Rush: In A Second Term Obama Would Cancel All American Debt TOPICS:AgendaAmerican debtdebtdestroy value us dollarfederal reservefundamentally transforming the USARedistributereelectionrush limbaughRush: In A Second Term Obama Would Cancel All American Debtsecond termthe fed Posted By: BMartin1776 October 22, 2012 I wouldn’t doubt anything considered “far-fetched”or “out of the realm” in a 2nd term with the Emperor. Destroying the dollar makes a lot of sense. It fits right in with his promise… promise in “fundamentally transforming the USA”