Pages

Jump to bottom

7 comments

1 reidh  Mon, Jan 7, 2013 5:23:20pm

this receives a contrary piece by you? like your all for the idea of a one ounce platinum coin minted at one trillion? and your for the use of it for paying bills? Are you nutz?

2 freetoken  Mon, Jan 7, 2013 5:31:30pm

re: #1 reidh

The people who take the “platinum coin” scenario seriously are in need of a a check-up.

3 Skip Intro  Mon, Jan 7, 2013 5:35:24pm

re: #1 reidh

this receives a contrary piece by you? like your all for the idea of a one ounce platinum coin minted at one trillion? and your for the use of it for paying bills? Are you nutz?

When you’re dealing with lunatic terrorists, you have to think outside the box. Trying to deal rationally with the GOP is as pointless as talking law with Orly Taitz.

4 EPR-radar  Mon, Jan 7, 2013 5:36:21pm

re: #2 freetoken

The people who take the “platinum coin” scenario seriously are in need of a a check-up.

I’d agree, except that the entire debt ceiling issue is such a manufactured nontroversy that a stupid platinum coin trick fits right in.

Congress has mandated spending via appropriations. Congress has also enacted a debt ceiling that is inconsistent with its appropriations.

If Congress is stupid enough to pass inconsistent laws, why shouldn’t the Executive get to choose how to deal with the inconsistency.

No need for coin tricks, 16th amendment diversions etc.

5 Cankles McCellulite  Mon, Jan 7, 2013 8:39:58pm

We could call the Boehnerrand!

6 lostlakehiker  Mon, Jan 7, 2013 10:50:59pm

These constitutional debates miss a point made by the Economist recently: politics is not an abstract logic puzzle. The constitution contains a number of contradictions. Conflicting wishes to keep up spending on favorite programs, and to cut overall spending, are common in families, let alone nations. It’s part of the human condition.

In families, a decision is mostly arrived at via compromise. Daddy doesn’t get to just SAY. The U.S. doesn’t operate in a vacuum either. Minting trillion dollar coins, or for that matter, minting a million “million dollar” coins, just won’t do. Whether it’s theoretically legal or not is beside the point. We, and our dollar, would become laughing stocks.

Current policy just won’t work. A fix, or a crash, are the only long term options. For a fix, we’ll need both substantial tax increases on the top part of the middle class (say, everybody in the top 15 or 20 percent of income), and substantial trimming of spending (say, …ah, but I know better than to name programs. Every cut cuts a worthy purpose, from someone’s point of view. Even subsidies for peanuts, rebuilding flooded vacation homes, and mohair ranchers). Anyway, the big money is in programs that have a legitimate purpose, and the argument is over whether they serve it well, or whether that purpose trumps avoiding the fiscal fate of Greece, or whether we’re in a bind and it’s just flat impossible to fund that worthy purpose at current levels, even given as much tax increases as the economy will bear, and still escape the fiscal ruin that would abruptly scuttle those programs.

And on top of all that, we need a huge increase in efforts to address global warming. It’s not an easy situation to cope with.

7 aagcobb  Tue, Jan 8, 2013 6:19:43am

re: #6 lostlakehiker

These constitutional debates miss a point made by the Economist recently: politics is not an abstract logic puzzle. The constitution contains a number of contradictions. Conflicting wishes to keep up spending on favorite programs, and to cut overall spending, are common in families, let alone nations. It’s part of the human condition.

In families, a decision is mostly arrived at via compromise. Daddy doesn’t get to just SAY. The U.S. doesn’t operate in a vacuum either. Minting trillion dollar coins, or for that matter, minting a million “million dollar” coins, just won’t do. Whether it’s theoretically legal or not is beside the point. We, and our dollar, would become laughing stocks.

Current policy just won’t work. A fix, or a crash, are the only long term options. For a fix, we’ll need both substantial tax increases on the top part of the middle class (say, everybody in the top 15 or 20 percent of income), and substantial trimming of spending (say, …ah, but I know better than to name programs. Every cut cuts a worthy purpose, from someone’s point of view. Even subsidies for peanuts, rebuilding flooded vacation homes, and mohair ranchers). Anyway, the big money is in programs that have a legitimate purpose, and the argument is over whether they serve it well, or whether that purpose trumps avoiding the fiscal fate of Greece, or whether we’re in a bind and it’s just flat impossible to fund that worthy purpose at current levels, even given as much tax increases as the economy will bear, and still escape the fiscal ruin that would abruptly scuttle those programs.

And on top of all that, we need a huge increase in efforts to address global warming. It’s not an easy situation to cope with.

Eliminating the programs you mentioned, just as an example, would amount to less than a rounding error in the federal budget. The red ink projected in the future is primarily due to assumptions about how much the costs of medical care are going to increase. Those increasing costs can be dealt with then, primarily by making our health care delivery system more efficient, and the best way to do that is to go to a single payer system. Social security can be shored up fairly easily just by lifting the cap on the payroll tax. We don’t currently have a fiscal crisis, we have an unemployment crisis, but the Right is desperately trying to engage in rightwing social engineering in order to redistribute more of the nation’s income to the 1% while it is still relevant politically.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Recent PagesClick to refresh
While Gorsuch Was Testifying, the Supreme Court Unanimously Said He Was Wrong About 40 minutes after Supreme Court nominee Neil Gorsuch began his second day of testimony before the Senate Judiciary Committee, all eight of the justices he hopes to join said a major disability decision Gorsuch wrote in 2008 was ...
Birth Control Works
1 day, 4 hours ago
Views: 167 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Black & Missing in America - a Short Film Published on May 7, 2015 From OSCAR® and 16-time EMMY award-winning producer Arnold Shapiro and Director/Producer Marlene McCurtis - a short film that highlights the work of the Black and Missing Foundation, and their quest to provide a voice ...
Birth Control Works
1 day, 5 hours ago
Views: 144 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
500 Missing — Why You Should Pay Attention to DC’s Missing Girls if You Attended the Women’s March Though months have passed since the Women's March united women around the nation in January, its mission to stand up for the rights of those who are most vulnerable cannot afford to slip into the background. And this applies ...
Birth Control Works
1 day, 5 hours ago
Views: 180 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Rewire -‘Issues in Law & Medicine’: A One-Stop Journal for Anti-Vaccine, Anti-Abortion PseudoscienceUnsurprisingly creationists aren't the only ones who produce fake academic journals. It turns out that anti abortion, and anti vaccination ideologues do the same thing, only in the case of "Issues in Law & Medicine," the people behind it, arguably ...
CriticalDragon1177
1 day, 5 hours ago
Views: 233 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Trump Did to Merkel What Men Do to Women All the Time Tuesday 21 March 2017 06.00 EDT Last modified on Wednesday 22 March 2017 11.22 EDT A few years ago, my husband and I ran into a mutual acquaintance at a restaurant. This young man – a person who would ...
Birth Control Works
1 day, 5 hours ago
Views: 281 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 1
Comments: 0
: 1
RNC Paid Intel Firm for Clinton Dirt As the general election was taking shape last summer, the Republican National Committee initiated a series of payments to a low-profile firm started by retired CIA officers that worked closely with an ex-Russian spy. The payments attracted attention in ...
Birth Control Works
1 day, 12 hours ago
Views: 441 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Whatever You Do, Don’t Say Yes When This Chatbot Asks, ‘Can You Hear Me?’ Another in my irregular series on privacy in our era, and how to defend yourself in digital venues. For your cell phone-Get TruCaller or some other good robo call screener/blocker. If you have an Ooma phone, set your virtual ...
Unshaken Defiance
1 day, 14 hours ago
Views: 699 • Comments: 2 • Rating: 2
Tweets: 115 • Share to Facebook
Shares: 3
Comments: 0
: 3
NOT ONE WOMAN: What’s Missing From This Photo of Politicians Deciding the Future of Women’s Health? President Donald Trump met with the arch-conservative House Freedom Caucus at the White House Thursday to try to hammer out a deal on Obamacare repeal. A major question in the final negotiations? Whether or not maternity care and mammograms ...
Birth Control Works
1 day, 18 hours ago
Views: 347 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
A Third of Black Women in Study of Disadvantaged Neighborhood Have PTSD - Chicago Tribune Nortasha Stingley doesn't remember a lot about the weeks after her 19-year-old daughter was shot and killed nearly four years ago. All she could do was cry. All she wanted to do was scream. After Stingley lost 40 pounds ...
Birth Control Works
2 days, 18 hours ago
Views: 259 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
How Trees Talk to Each Other Published on Aug 30, 2016 "A forest is much more than what you see," says ecologist Suzanne Simard. Her 30 years of research in Canadian forests have led to an astounding discovery — trees talk, often and over vast ...
Birth Control Works
2 days, 19 hours ago
Views: 340 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0