A $1 TRILLION Coin?
 

The latest stupidity being discussed....

Be Ready To Mint That Coin

Be Ready To Mint That Coin - NYTimes.com

Just can't believe how much we continue to avoid dealing with reality.

Re: A $1 TRILLION Coin?
 

Wait...what?

Re: A $1 TRILLION Coin?
 

I smell another "Die-Hard" movie!

Re: A $1 TRILLION Coin?
 

The reality that half our government is clinically insane?

Between default and an accounting gimmick, which is what this is, I'd much rather choose the latter.

Re: A $1 TRILLION Coin?
 

Anything to get around responsible government spending.

Re: A $1 TRILLION Coin?
 

Democrats got around the fiscal cliff rather safely ... they not only do not want to cut anything - they want spending increases. Little known to most of the American electorate except those paying attention is that the Senate has not passed a budget since 2009 (against the law no less). A little maneuver to keep their strategy of spending more out of the news.

For all the heat the GOP gets in this forum it would be refreshing to see some of the die hard democrats of the forum hold their favorite party accountable once in a while for their sleight of hand maneuvers since 2008. We deserve a balanced budget that decreases borrowing ... this is what our kids and their kids deserve.

Re: A $1 TRILLION Coin?
 

Let's not conflate the desire for responsible government spending with the debt ceiling. Refusing to raise the debt ceiling is akin to racking up a bunch of charges on your credit card and then refusing to pay because you've all of a sudden decided to become austere and change your ways.

Re: A $1 TRILLION Coin?
 

The lack of a budget is symptomatic of a dysfunctional legislature, not the result of a desire on the part of Democrats for more spending. Even if they did pass a budget, it's unlikely such an action would carry with it the force of law unless it were to garner 60 votes in the Senate or the assent of the House of Representatives. There's also little reason to expect spending to be any lower should a budget have passed, since discretionary spending is already capped anyway.

Re: A $1 TRILLION Coin?
 

I think it's more like hubby telling wifey....fine, you want to keep charging....I'm not paying for your spending sprees anymore.

Re: A $1 TRILLION Coin?
 

No, RI, it's having a credit card and not paying the bill when it's due. Your credit gets whacked. Or, in the case of the last stunt-filled House debacle that led to our downgrade, you go on national television and announce "Here's my name, here's my address. All credit card companies listen up: I might default if you lend to me, my credit rating be damned. I just like defaulting." Or, writing a letter to the credit card company saying the same -- "my wife spends a lot so I think I might just not pay my required payment on money she already spent."

Get a clue. The debt ceiling is a convenience so you don't have to appropriate the money bill by bill -- and a good amount of it goes to required sources, like paying interest (never mind principle) on the debt already incurred (not to mention money already owed in benefits, or paying soldiers already in Afghanistan, Iraq, or a stateside base.)

Idiots in three-cornered hats will always hoot and holler about how this is what the founding fathers wanted. Dead wrong. One of the main reasons for drafting the Constitution and forming the U.S. in earnest was the fact that the national government had to be able to borrow and run a tab -- per the federalist papers.

PFnV