Pages

7 comments

Jump to bottom
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.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
Take advantage of our yearly subscription, and save 50% off the normal subscription price! One-year ad-free subscriptions are just $59.95. Turn off all ads for a full year by subscribing now and save!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This 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: 2015-04-18 5:26 pm PDT

LGF User's Guide
Recent Pages
Thanos
Cab Calloway - Minnie the Moocher
Minnie the Moocher

4 hours, 36 minutes ago
Views: 107 • Comments: 1
Tweets: 4 • Rating: 1
TheTruthHurts
Israeli settlements profit from Palestinian children
Muhammad is one of hundreds of Palestinian children who has dropped out of school and started working for low wages in exploitive conditions to ensure some Israeli agricultural settlements prosper...

3 days ago
Views: 381 • Comments: 3
Tweets: 0 • Rating: 0
Higgs Boson's Mate
Sleeping Bear Dunes shipwrecks spotted by helicopter patrol
LEELANAU COUNTY, MI -- A Northern Michigan Coast Guard helicopter crew on routine patrol captured some excellent images of the shipwrecks that dot the waters off Sleeping Bear Dunes National Lakeshore. The Traverse City-based crew posted six photos on ...

3 days, 22 hours ago
Views: 403 • Comments: 1
Tweets: 2 • Rating: 6
CriticalDragon1177
Skepchick - Ad Hominem Fallacy: A Lesson for Sea World ( Video )
Rebecca Watson takes on Sea World, and their attacks on John Hargrove. She takes them to task for attacking him, rather than even trying to refute his allegations, and in the process gives us a lesson in critical thinking. Read ...

4 days, 18 hours ago
Views: 663 • Comments: 0
Tweets: 35 • Rating: 3
lostlakehiker
Solar will soon be as cheap as coal
Better wafer fabrication techniques Inside a sprawling single-story office building in Bedford, Massachusetts, in a secret room known as the Growth Hall, the future of solar power is cooking at more than 2,500 °F. Behind closed doors and downturned blinds, ...

1 week ago
Views: 592 • Comments: 16
Tweets: 0 • Rating: 8
FemNaziBitch
IRS Should Crack Down on Private Equity’s Abusive Tax Alchemy
As Warren Buffett famously observed, "...while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks." He was referring to the fact that capital gains earned by wealthy investors are taxed at a ...

1 week ago
Views: 398 • Comments: 1
Tweets: 0 • Rating: 1
philosophus invidius
Bioethicist Live-Tweets Her Son’s Sex-Ed Class
The tweets were simultaneously disturbing and hilarious. "We are going to roll this dice 8 times. Every time your number comes up, in pretend your condom failed and you get a paper baby." JESUS!!! — Alice Dreger (@AliceDreger) April ...

1 week, 1 day ago
Views: 566 • Comments: 7
Tweets: 2 • Rating: 9
Great White Snark
Pope Francis Uses ‘Genocide’ for Killings of Armenians
Grateful Armenia This consternation over the use of the word 'genocide' occurs regularly. And Armenians are equally upset, when Turkey protests it. Armenian Foreign Minister Edward Nalbandian rebuked Turkey. "We are in a situation in which Turkey speaks a ...

1 week, 4 days ago
Views: 541 • Comments: 0
Tweets: 0 • Rating: 4
 Frank says:

ARE YOU HUNG UP?