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Thread: Can Trillion Dollar Coins Save the Economy?

  1. #171
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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Dwight View Post
    A remarkably dumb string of words to put together in front of a camera, to be pulled out of context. *shrug* However, the reality is not exactly what it is usually made out to be. The passing in question was NOT final passage but the means to get to the proposed final draft of the bill which still required a vote over acceptance or not.

    Put into that context, it does show how byzantine and quirky the process of government is at times. ((Something that orating full texts of bills for every vote would only add to.)) But clearly not what it is generally sold as.
    BTW, the tl;dr version of that link, for those that are not big on reading. The members did (or at least had the opportunity) to know exactly what the text was they were voting on. The “to find out what is in the bill” part comes from the US Constitution stipulated 2 separate Legislature bodies, with each able to amend what the other passes round-and-round until they have both passed a vote on the same wording of the bill.

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by iguanaman View Post
    Why do you need your job?
    Lol...the logic from the left.

    Massive, out of control spending is what threatens my job and part of what has perpetuated the miserable economic conditions.

    The new liberal meme seems to
    be more dependence, more spending equals a recovery.


    Its the best you guys can do. which is to say you failed.

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    Re: Can Trillion Dollar Coins Save the Economy?

    The platinum in the trillion dollar coin does not have to equal the value of the platinum contained in it. It could weigh one ounce with a face value of $1 trillion. To be sure there are problems using the platinum coin "solution" but failure to raise the debt ceiling has equal perhaps more problems associated with it. The $16 trillion in debt was created by Congress and to not raise it is not only stupid but refusing to take responsibility for their actions. If we want to have a discussion about the budget deficits and the merits of closing them by increasing taxes/cutting spending (austerity) then we can have it, but to hold our economy hostage for the debt they created is insane.

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Fenton View Post
    Lol...the logic from the left.

    Massive, out of control spending is what threatens my job and part of what has perpetuated the miserable economic conditions.

    The new liberal meme seems to
    be more dependence, more spending equals a recovery.


    Its the best you guys can do. which is to say you failed.
    A default on our debt is what threatens everyones job. How are we going to reduce the deficit if we are all out of work?

  5. #175
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    Re: Can Trillion Dollar Coins Save the Economy?

    Sure!

    Here's the plan: We make the coin REALLY huge, and then roll it over to all the people we owe money to and crush them underneath its' weight!

    Problem solved!
    "Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough."
    -FDR

  6. #176
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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Jessica22 View Post
    The platinum in the trillion dollar coin does not have to equal the value of the platinum contained in it. It could weigh one ounce with a face value of $1 trillion. To be sure there are problems using the platinum coin "solution" but failure to raise the debt ceiling has equal perhaps more problems associated with it. The $16 trillion in debt was created by Congress and to not raise it is not only stupid but refusing to take responsibility for their actions. If we want to have a discussion about the budget deficits and the merits of closing them by increasing taxes/cutting spending (austerity) then we can have it, but to hold our economy hostage for the debt they created is insane.
    I think it's time we have another game of buzz-word bingo.

    Hold the economy hostage, fiscal cliff, kicking the can, assault weapon....please, stop saying stupid things.

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by iguanaman View Post
    A default on our debt is what threatens everyones job. How are we going to reduce the deficit if we are all out of work?
    How are we going to reduce the debt when your President just ignored spending cuts and has been setting new records of defecit spending for the last 4 years ?

    So your so concerned with the debt that you re-elected Obama ?

    I wish you libs would be a bit more sincere when it comes to the millions of Americans that are struggling right now.

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    Re: Can Trillion Dollar Coins Save the Economy?

    Quote Originally Posted by Jerry View Post
    I think it's time we have another game of buzz-word bingo.

    Hold the economy hostage, fiscal cliff, kicking the can, assault weapon....please, stop saying stupid things.
    O.K. change "hold economy hostage" to destroy the world economy. Now say something meaningful instead of being snippy.

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