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
U.S. to Bar Arbitration Clauses in Nursing Home Contracts The federal agency that controls billions of dollars in Medicaid and Medicaid funding has moved to prevent nursing homes from forcing claims of elder abuse, sexual harassment and even wrongful death into the private system of justice known as ...
Birth Control Works
7 hours, 44 minutes ago
Views: 110 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 1
Comments: 0
: 1
2017 State Business Tax Climate Index Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by ...
Birth Control Works
7 hours, 48 minutes ago
Views: 102 • Comments: 1 • Rating: 1
Tweets: 2 • Share to Facebook
Shares: 0
Comments: 0
: 0
Endorsement: Hillary Clinton Is the Only Choice to Move America Ahead Since The Arizona Republic began publication in 1890, we have never endorsed a Democrat over a Republican for president. Never. This reflects a deep philosophical appreciation for conservative ideals and Republican principles. This year is different. The 2016 Republican ...
Thanos
14 hours, 26 minutes ago
Views: 142 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Thailand’s Military Allows ‘Culture of Torture’, Says Amnesty Thailand's military government has allowed a "culture of torture" to flourish since assuming power, says a new report by rights group Amnesty International. The report lists 74 alleged cases of torture and other ill-treatment, including methods such as beatings ...
Thanos
17 hours, 19 minutes ago
Views: 125 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Deutsche Bank Sells UK Asset and Battles Bailout Rumors Germany's biggest private lender has sold its British insurance business to raise urgently needed cash to pay looming penalties for its past misdeeds Deutsche Bank announced on Wednesday it had sold Abbey Life Assurance company for 935 million pounds ...
Thanos
17 hours, 33 minutes ago
Views: 214 • Comments: 0 • Rating: 0
Tweets: 6 • Share to Facebook
Shares: 0
Comments: 0
: 0
Nick Lowe-I Love the Sound of Breaking GlassNick LoweI Love the Sound of Breaking Glass (1978)
Thanos
1 day, 12 hours ago
Views: 198 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Latest IoT DDoS Attack Dwarfs Krebs Takedown at Nearly 1Tbps Driven by 150K Devices If you thought that the massive DDoS attack earlier this month on Brian Krebs’ security blog was record-breaking, take a look at what just happened to France-based hosting provider OVH. OVH was the victim of a wide-scale DDoS attack ...
Thanos
1 day, 14 hours ago
Views: 312 • Comments: 0 • Rating: 3
Tweets: 13 • Share to Facebook
Shares: 0
Comments: 0
: 0
Off-Duty Cop Who Killed Delrawn Small Indicted on Murder Charges A city cop was indicted Monday on second-degree murder charges in the road-rage shooting death of driver Delrawn Small, who was killed in a July 4 confrontation with the off-duty officer, sources said. The cop, Wayne Isaacs, will be ...
Thanos
1 day, 14 hours ago
Views: 355 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Bomb Blasts Strike Mosque, Congress Center in Germany City of Dresden BERLIN (Reuters) - Two improvised bombs exploded in the eastern German city of Dresden on Monday evening ― one at a mosque and one at an international conference center ― but no one was injured, police said on Tuesday. ...
Thanos
1 day, 16 hours ago
Views: 303 • Comments: 1 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Like 2016 Campaign, First Presidential Debate Defied Conventional Patterns Clinton suggested Trump was hiding something and said he may have paid no federal income tax at all. “That makes me smart,” Trump said. “So if he’s paid zero, that means zero for troops, zero for vets, zero for ...
Thanos
1 day, 17 hours ago
Views: 399 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0