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.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
That Crashing Sound? Another Trump Promise Shatters-AT&T Merging Time Warner No surprise here, but resignation at what this means for pricing, consumer rights and privacy. Trump's campaign promise When he was campaigning for president, Trump said that AT&T/Time Warner is "a deal we will not approve in my administration ...
Unshaken Defiance
2 hours, 52 minutes ago
Views: 157 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Comments: 0
: 0
“There Is a Shriveled Emptiness Where Trump’s Soul Once Resided” When you start losing the GOP loyalists like Michael Gerson, who worked in the Bush White House, and who is NOBODY's idea of an alt-left agitator, things are getting ugly for Trump. But when Gerson goes to the Washington ...
Khal Wimpo (wounded at Bowling Green)
3 hours, 3 minutes ago
Views: 120 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Another Democrat Starting Trump Impeachment Process Come on guys, get behind the bill. All of us. we should get behind this bill as it emerges as fast as we attacked the BCA. Following Donald Trump’s equivocating of white supremacists and those who oppose them in ...
Unshaken Defiance
1 day, 2 hours ago
Views: 333 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 1
Comments: 0
: 1
How Militias Became the Private Police for White Supremacists Magazine Guns to a protest? Clubs? We can not tolerate anti American militias. The bloody weekend in Charlottesville that began with several hundred chanting white supremacists on a torch-lit march will long be remembered for the searing image of a ...
Unshaken Defiance
1 day, 3 hours ago
Views: 280 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Starting in 2018, Police Dogs Injured in the Line of Duty Can Be Transported by EMS to Veterinary Clinics ST. CLAIR COUNTY, IL – Ambulances are for people. It’s always been the law of the land. In Illinois, it'll soon be "almost always". Illinois Governor, Bruce Rauner, signed House Bill 2661, Tuesday. It will allow police dogs to ...
Birth Control Works
1 day, 6 hours ago
Views: 280 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
At Last, a Big, Successful Trial of Probiotics - the Atlantic Aside from preventing sepsis, it also reduced the risk of infections by both the major groups of bacteria: the Gram-positives, by 82 percent; and the Gram-negatives, which are harder to treat with antibiotics, by 75 percent. It even reduced ...
Birth Control Works
1 day, 6 hours ago
Views: 305 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
The New War on Birth Control - Pacific Standard Although it wasn't clear at the time, the attack on Phillips marked the beginning of a new anti-contraception movement—conceived in the U.S., but unfolding in Africa, where women's frustrations with the dearth of safe, effective family planning options are ...
Birth Control Works
1 day, 7 hours ago
Views: 362 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
M83 - Do It, Try It (David Wilson Video) M83 - Do It, Try It video by David Wilson. Following the video's premiere at Sundance Next Fest it is now available to watch online. The track is taken from M83's seventh studio album Junk, available to buy & ...
Thanos
1 day, 21 hours ago
Views: 254 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Marvel’s the Defenders It’s all coming together. Learn about The Defenders from the stars themselves: Charlie Cox, Krysten Ritter, Mike Colter and Finn Jones. Marvel’s The Defenders premieres globally August 18, 2017, only on Netflix. Watch The Defenders on Netflix: netflix.com SUBSCRIBE: ...
Thanos
1 day, 21 hours ago
Views: 275 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
AG Madigan Issues Guidelines for Responding to Sexual Assault Crimes “We took a comprehensive look at why sexual assault survivors rarely report their crimes to law enforcement, and it was clear that our criminal justice system can and must respond, investigate and better support survivors,” Illinois Attorney General Lisa ...
Birth Control Works
2 days, 3 hours ago
Views: 281 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0