"Kennedy understood, as did Lincoln, that by returning to the Constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money, then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order (EO) 11110 authorizing the Treasury Department to start printing and issuing silver certificates based on the remaining silver in the US Treasury and the Commodity Credit Corporation. JFK’s EO 11110 expanded the Treasury Department’s power to issue non-interest-bearing money from governmental reserves and edged out the US need to approach the Federal Reserve to print more interest-bearing Federal Reserve notes. EO 11110 therefore allowed for the issuance of $4,292,893,815 in silver-backed treasury bills, called United States notes."