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 New Year subscription special, and save 25% off the normal subscription price! For a limited time, 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: 2014-12-15 2:06 pm PST

LGF User's Guide
Recent Pages
The Vicious Babushka
Canada Recruiting Army To Kick Bridge Troll’s Ass
More: Hiring Begins for Detroit-Windsor Bridge Project The early organizational work for the planned new bridge between Detroit and Windsor appears to be speeding up. In January, the Windsor-Detroit Bridge Authority, a nonprofit Canadian entity that is leading the ...

1 hour, 27 minutes ago
Views: 90 • Comments: 0
Tweets: 3 • Rating: 1
Thanos
Religious Land Use Appeal Looks to ‘Hobby Lobby’
Free Registration might be required at the link. In this case the Church wants to use it's land to feed the hungry, and admirable cause, while the city wants to "prevent crime." A federal appeals court on Monday will hear ...

3 hours, 29 minutes ago
Views: 90 • Comments: 1
Tweets: 0 • Rating: 1
SteveMcGaziBolaGate
Sign this petition
Please click on this link and sign the petition if you think this might help:wh.gov we petition the obama administration to:appoint the First Lady to lead the effort to increase vaccination rates for children to 100%. In light of the ...

10 hours, 33 minutes ago
Views: 84 • Comments: 1
Tweets: 0 • Rating: 1
Souliren
Frank Sanatra and Sammy Davis Jr.
More: This is Great Art.Disclaimer: it's an a few still photos of Sinatra and Sammy Davis with an audio track singing Me and my Shadow. Ignore the video. Close your eyes. Everone who participated in this has been a part ...

13 hours, 40 minutes ago
Views: 90 • Comments: 0
Tweets: 0 • Rating: 1
Rightwingconspirator
Tighten the Rules on E-Cigarettes? Is This Good Oversight?
The state report is not, however, an objective assessment. It obviously includes only the most damaging information about e-cigarettes. For example, some other studies have found potentially encouraging signs that vaping might help some smokers quit. In other words, ...

1 day, 19 hours ago
Views: 263 • Comments: 3
Tweets: 0 • Rating: 6
FemNaziBitch
Mississippi Wouldn’t Allow This Teacher to Show Kids How to Use a Condom. His Simple Solution Is Brilliant.
More: Mississippi Wouldn't Allow This Teacher to Show Kids How to Use a Condom. His Simple Solution Is Brilliant.

2 days, 3 hours ago
Views: 251 • Comments: 1
Tweets: 0 • Rating: 1
Khal Wimpo
Chuck C. Johnson boosting Twitter via fake followers
...in related news, water found to be wet. It's become common for politicians and companies looking to puff up their social profiles to "buy" followers from shady-ass sploggers. Which works when you're starting up, but after you start to get ...

3 days, 12 hours ago
Views: 749 • Comments: 2
Tweets: 149 • Rating: 6
aagcobb
The Average American Household Was Poorer in 2013 Than It Was in 1983 - Vox
Matthew Yglesias, Vox: The Average American Household Was Poorer in 2013 Than It Was in 1983 - Vox US net worth rose considerably over that period, which is what you would expect to see. Technology has improved and productivity increased, ...

3 days, 12 hours ago
Views: 280 • Comments: 0
Tweets: 0 • Rating: 4
Lumberhead
Scott Walker’s Divisive Message
If any candidate could run a rigid campaign of polarization--aimed at winning as many white voters as possible--it's Walker. His language is already there. In his Iowa speech, he touted voter-identification laws and portrayed disadvantage as a pure product ...

3 days, 12 hours ago
Views: 431 • Comments: 1
Tweets: 5 • Rating: 4
Rocky-in-Connecticut
Republican Governor’s State-Run Media Outlet
I guess Republicans are against state-run enterprises except when they are for it. Indiana Governor (R) to start up State-Run official mouthpiece news outlet.indystar.com Hey- If a nice guy Republican/Tea Party favorite like Putin can have his own state-run mouthpiece, ...

3 days, 18 hours ago
Views: 301 • Comments: 1
Tweets: 0 • Rating: 4
 Frank says:

Jazz is not dead...it just smells funny.