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
Debunking Denialism - Five Ways GMOs Benefit the EnvironmentEmil Karlsson of Debunking Denialism, recently wrote a piece for the social media magazine Medium, about the benefits of GMOs that I think everyone should read, especially those who think that they're harmful. You can check his sources, if you ...
CriticalDragon1177
12 minutes ago
Views: 49 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Comments: 0
: 0
U.N. Says 1.4 Million Children at Imminent Risk of Death in Famines Nearly 1.4 million children are at "imminent risk" of death in famines in Nigeria, Somalia, South Sudan and Yemen, the U.N. children's agency UNICEF said on Tuesday. People are already starving to death in all four countries, and the ...
Tarkloon
4 hours, 33 minutes ago
Views: 67 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Same-Sex Marriage Laws Linked to Fewer Youth Suicide Attempts, New Study Says The researchers found that suicide attempts by high school students decreased by 7 percent in states after they passed laws to legalize same-sex marriage, before the Supreme Court legalized it nationwide in 2015. Among LGB high school students, the ...
Tarkloon
12 hours, 46 minutes ago
Views: 104 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Today in Weather & Climate: California Flood Emergency Edition (Monday, February 20th)It pays to be ready for the worst. Here's what is causing so much concern: If the atmospheric river stalls, there could be up to a foot of rain in a span of about 36 hours over places that are ...
Unshaken Defiance
20 hours, 20 minutes ago
Views: 183 • Comments: 0 • Rating: 3
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
‘Not Just a Series of Genital Acts’: The Woman Who Revolutionized Sex Education "Sex involves something you are, not just something you do," Dr. Mary Steichen Calderone told the Albuquerque Journal in 1967. The frank, former medical director of Planned Parenthood and founder of the Sexuality Information and Education Council of the ...
Birth Control Works
22 hours, 34 minutes ago
Views: 151 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Fetus Funerals: The Dystopian New Turn in the Fight Against Abortion Rights Two years ago, Denee, a 39-year-old mother of two, was in a car accident. She was pregnant at the time, and at the hospital, staff informed her that the child she was carrying no longer had a heartbeat. Devastated, ...
Birth Control Works
22 hours, 36 minutes ago
Views: 194 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Letters From Women Pleading for Abortion, Sent in 1917, Mirror Emails Sent Today In the early 1900s, desperate American women wrote letters to the founder of Planned Parenthood begging for help with unwanted pregnancies. A century later, they're sending eerily similar messages to an international abortion-by-mail service. "I'm in the family way ...
Birth Control Works
22 hours, 38 minutes ago
Views: 173 • Comments: 0 • Rating: 2
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Our Miserable 21st Century Yes, things are very different indeed these days in the “real America” outside the bubble. In fact, things have been going badly wrong in America since the beginning of the 21st century. It turns out that the year 2000 ...
Birth Control Works
23 hours, 53 minutes ago
Views: 246 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
It’s Official: Trump Wants to Kill PBS and the NEA Confirming what many have feared for months, the White House budget office has included both the National Endowments for the Arts and Humanities and the Corporation for Public Broadcasting on a drafted list of programs to be put on ...
Birth Control Works
23 hours, 55 minutes ago
Views: 315 • Comments: 3 • Rating: 2
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
37 Politicians Get a Mural Dedicated to Their Most Shameful Comments About Women - Creators Artists Zoë Buckman and Natalie Frank collected shockingly ignorant quotes from Donald Trump, Bill Clinton, and more, and put them on a wall for all to see. During the 2016 presidential campaign, audio surfaced of then-presidential hopeful Donald J. ...
Birth Control Works
1 day ago
Views: 490 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0