TEOTWAWKI inc.
.338 Win Mag
I watched a little about Evergrand last night... China may be calling on us for some payments here shortly.
Debt ceiling solution - The Biden administration could sidestep McConnell's refusal to pay America's bills by minting a $1 trillion platinum coin
- Thread starter TEOTWAWKI inc.
- Start date
spat
.950 JDJ
What do you think inflation is for ?
Trillion-dollar platinum coin could be minted at the last minute
The coin could be deployed to help bridge the gap between the money running out and the debt ceiling increasing.
www.axios.com
spat
.950 JDJ
It's an insane idea that gets resurrected every couple years and then dismissed as soon as the adults enter the room.Trillion-dollar platinum coin could be minted at the last minute
The coin could be deployed to help bridge the gap between the money running out and the debt ceiling increasing.
I'm afraid there may not be any adults in this administration to stop it this time...
Blimey
.450/400 Nitro Ex
This national debt ceiling always get passed around like a cheap lay by the media whenever a vote comes up. Always silly talk by the gov about default, as if there is any chance of that. If push comes to shove not a single senator actually wants to see the usa default, so it will not occur. Debt denominated in a currency that one can mint with little issue has no reason to be defaulted.
Also the reason the republicans are fighting this is laughably transparent. They are not supporting it because they don't have to; they want it to pass yet vote against it so they can pretend they care about debt. Probably quite irritated a couple of dems also want to reign things in. The exact same thing, but from opposite parties, has happened so many times before. Both parties adore debt and anybody who has any doubt about that need only run a search on national deficit by year. Superimpose by president or which party had which house. It's all the same.
Also the reason the republicans are fighting this is laughably transparent. They are not supporting it because they don't have to; they want it to pass yet vote against it so they can pretend they care about debt. Probably quite irritated a couple of dems also want to reign things in. The exact same thing, but from opposite parties, has happened so many times before. Both parties adore debt and anybody who has any doubt about that need only run a search on national deficit by year. Superimpose by president or which party had which house. It's all the same.
Sorry haven't read through all this so may have already been mentioned but this isn't a new idea... goes back to Obama (my shocked face).
www.wired.com
Guess Biden and Pelosi are factually correct when they say it costs nothing... at least when you have the power to print it out of thin air. As for the rest of us it will cost dearly but let's not go there....
Meet the Genius Behind the Trillion-Dollar Coin and the Plot to Breach the Debt Ceiling
We interviewed the Georgia lawyer who in 2010 was first to float the now-hot idea of issuing a trillion-dollar-coin to avoid the federal debt ceiling. He says he was just answering a ""silly question" in a "pointless online bull session." Things went from there.
Guess Biden and Pelosi are factually correct when they say it costs nothing... at least when you have the power to print it out of thin air. As for the rest of us it will cost dearly but let's not go there....
Carlos Hathcock
.450/400 Nitro Ex
Save the Platinum. Mint it out of dogshit because that's what it'll be worth.
Especially when we have so called "adults" like Paul Krugman advocating it.
ArmedCorgi
.475 A&M Magnum
They should put Dr. Evil's face on it. Might make it more legit.