The Trillion Dollar Coin Trick

If you’ve lost Stephen Colbert . . .

About Myiq2xu - BA, JD, FJB

I was born and raised in a different country - America. I don't know what this place is.
This entry was posted in Federal Deficit, National Debt and tagged , . Bookmark the permalink.

34 Responses to The Trillion Dollar Coin Trick

  1. myiq2xu (D) says:


    If Obama were to listen to liberals and go the coin route instead, it would be tossing a life preserver to Republicans. Whatever economic and legal arguments liberals want to make, to a more casual observer, the idea is going to look either absurd, scary or both. Just imagine Obama publicly addressing the nation, and uttering the words, “Today, I’ve directed Treasury Secretary Tim Geithner to exercise his authority to mint a $1 trillion platinum coin.” It would not only be easy to parody — like some sort of cartoonish Scrooge McDuck scheme — it would be seen as a massive power grab by Obama that validates years of conservative attacks. It would instantly reinvigorate dispirited Tea Partiers and get more of the public on their side, because it would be much easier to argue that Obama was manufacturing money to pay off the debt he was running up than to raise alarms about what would have happened if he hadn’t taken such drastic action.

    Meanwhile, if the coin proponents are wrong about the inflationary and market impacts of the action, then any resulting economic chaos would be squarely blamed on Obama rather than on the failure to raise the debt ceiling. Instead of small government ideology becoming unpopular as a result of the crisis, it would be big government philosophy that would be under fire. Instead of Obama getting to play the grownup in the room, he’d look silly. Minting the $1 trillion coin would represent such a massive in-kind contribution to Republicans that we may want to start researching whether it would violate some aspect of campaign finance laws.

    • elliesmom says:

      It might be time to invest in a wheelbarrow company.

    • angienc (D) says:

      Hmm – so the rationale is that this fucking ludicrous trillion dollar coin farce might help Republicans/hurt Dems chances of staying in power with no actual concern about fixing the economy with serious solutions. Remember when Romney & Ryan were going around saying people in DC were more concerned about their next election than helping the country? Yeah –they were telling the truth about that too.

  2. myiq2xu (D) says:

    The best part of watching stuff on the internet is you don’t have to watch a show every night to see those 2-3 bits a year that are actually funny.

  3. myiq2xu (D) says:

  4. myiq2xu (D) says:

  5. myiq2xu (D) says:

    You gotta love the classics:

  6. myiq2xu (D) says:

    Apparently drinking Red Bull makes you want to win a Darwin Award:

  7. HELENK says:

    harry reid slipped a amendment into the health care law prohibiting the government from getting gun info on people to keep the NRA quiet.

    If that is true why is information being given to news papers and blogs on gun owners

  8. DeniseVB says:

    I love this as it proves how stupid celebrities are when they get involved with politics…..

  9. myiq2xu (D) says:

    • insanelysane says:

      Can you imagine if Obama instituted the Mitt Romney Binders of Women method and placed 50% of his Cabinet in the hands of brilliant women?

      Can you just imagine?
      I am SURE Obama can not.

    • elliesmom says:

      Women need to seek out men to mentor them. It’s not a one-way street. When I re-entered the workforce after my youngest went to school, I took a job at a lower level than the one I left just to get my foot back in the door. It was a man who realized I was working below my competence level and fought to get me promoted ahead of the usual schedule. But it was because I made sure he noticed. The woman in charge of HR expressed concern that “people would think there must be something going on”. He told her there was – “A woman is being taken advantage of because she took some time to raise her kids, and it’s happening on your watch.”

  10. HELENK says:

    did you ever think that it could get this damn goofy in this country?
    a billion dollar coin, president for life, give unlimited fiscal power to a president and take it away from congress, do away with the constitution.
    Sometimes I think I lived too long. I am looking at a country I do not understand or like that does not look like it has a good future.
    all the years that I belonged to the democratic party , I never knew they were so against American values and the things that made America a great country

    • insanelysane says:

      Helen, I’m right there with you.
      All the lessons I learned a half century ago do not seem to apply anymore.

      Being held accountable for your words and vows mean nothing.
      It’s everybody for themselves and if you can beat the system, then go for it.

Comments are closed.