Who Are The Crazy Ones Here?


Kevin Drum, discussing the Trillion Dollar Coin Trick:

But put that aside for a moment. I want to ask something else: is this really the road liberals want to go down? Do we really want to be on record endorsing the idea that if a president doesn’t get his way, he should simply twist the law like a pretzel and essentially do what he wants by fiat? My recollection is that we didn’t think very highly of this kind of thing when we thought George Bush was doing it.

This whole thing is not just a ridiculous idea, it’s a bad idea too. Republicans seem willing to set the country on fire to please their increasingly fever-swampish base, and eventually they’ll pay a price for that at the polls. Sooner than that, they’ll pay a price with the business community. This is a problem that we should work out via politics and public opinion, not by pretending the law allows the president to do anything he wants.

Gee Kevin, who are the crazy ones here?

We are currently OVER SIXTEEN TRILLION DOLLARS IN DEBT. On one side are the people who want to get a handle on government spending and set our fiscal house in order. On the other side are people who are asserting that there should be no restraints on the President’s power to keep spending money we don’t have.

Reasonable people can disagree, but the Vile Progs won’t accept that anyone who disagrees with them is being reasonable. That’s an article of their faith, not a negotiating ploy. Which, of course, makes compromise out of the question.

For the record, I am opposed to any radical ideas for achieving budgetary sanity. We have a moral obligation to take care of our children, elders and the disabled. I would not want to live in a nation that let people starve in her streets or let the sick and injured go untreated. On the other hand we cannot turn to confiscatory taxation as a solution to all of our financial problems.

But we are not facing such stark choices, at least not yet. We have been spending money we don’t have like crackheads with a stolen credit card. There is no painless solution to our problem. We cannot spend our way out of debt and we have a moral obligation to our children and grandchildren not to dump the cost of our extravagance on them.

Sooner or later there will be accountability. It took us years to get in this mess and it will take years to get out of it. The sooner we deal with it, the better for all of us.

The First Rule of Holes: “When you’re in one, stop digging”

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.

77 Responses to Who Are The Crazy Ones Here?

  1. myiq2xu (D) says:

    Whether one likes it or not, the debt limit belongs to Congress. The President can neither borrow or spend without authorization from the legislative branch. That was a key separation of power that the founders intended to keep the executive from overwhelming the people’s branch of government and to prevent the creation of tyrants in democracy’s clothing. Federal courts would take almost no time in declaring an Obama hike of the debt limit unconstitutional, and hurriedly exiting the debacle between the other two branches of government.


  2. myiq2xu (D) says:

  3. driguana says:

    First, one must acknowledge they are in a hole….so many people that I know think everything is just fine.
    Second, we have no leaders to help us out of the hole that I can discern. Who are they? Where are they? When will they take action? At this point, Obama has complete control and it is frightening. If there was someone who people could trust to confront this silent “coup d’etat”, we could support that person….but I see no one strong enough. And what’s worse are messages like I read on Facebook this morning….” I wake up every morning happy that Obama is my president”….geez…I wake up every morning sick to my stomach….

    • yttik says:

      It’s true, the vast majority of people don’t think there is a problem. If you think everything is wonderful and you’re so grateful Obama is president, then the problem won’t get solved.

  4. DandyTiger says:

    AIG might be suing the US government, for you know, bailing it out. Or something.

  5. yttik says:

    “This whole thing is not just a ridiculous idea, it’s a bad idea too. Republicans seem willing to set the country on fire to please their increasingly fever-swampish base……”

    At this point, that’s not a bad idea. Maybe if we burn the country down, we can collect the insurance money?

    That actually sounds more reasonable than minting a trillion dollar coin.

    • myiq2xu (D) says:

      Actually that should be “coins” cuz you know they won’t stop at just one.

      • DandyTiger says:

        After hyperinflation sets in, we’ll have another name for 1T coins: penny.

        • DandyTiger says:

          Or is that backwards. OK, time for coffee.

        • yttik says:

          Can you imagine how devalued the dollar would be if we did mint this coin? I’m really astounded that all these so called expert economists haven’t mentioned that. Soon we’ll be needing wheelbarrows of cash just to buy a gallon of milk. It’s happened before, so it’s not like we don’t know the consequences.

        • votermom says:

          Another consequence will be a complete collapse of confidence in the dollar as the global currency standard.
          We might as well rename our money obadollar.

        • Denise- isn’t that exactly what Soros was proposing a few years back? That the world get away from the dollar as the standard currency for doing business?

    • But it’s important to amp up the blame game early on, otherwise someone with a (D) might actually be held — you know — accountable (spit, spit). [with apologies for the vulgarity].

  6. votermom says:

    Is the trillion dollar coil a serious suggestion?
    We are so skarood.

    • DandyTiger says:

      Good article. Always fun to smack around hypocrites.

    • cj says:

      Al Gore is as creepy as a lounge lizard lately. Ick.

      I could maybe ignore the hypocrisy & lies of these self-indulgent libs if they actually did anything that ended up helping the rest of us. But that’s never been their intention. It’s nothing but smoke & mirrors.

      I think the last thing a pol did that helped me out personally was Clinton’s Family & Medical Leave Act. Other than that, I can’t think of a damned thing.

  7. HELENK says:


    btw RACIST obots must show ID to get into backtrack’s inauguration

    • swanspirit says:

      How could you not laugh . And in San Fran of all places.This is not supposed to happen to THEM . Any lingering doubts about laughing can be eased by reading the comments .

    • Quote of the week nominee from the NY Post:

      The displeasure with Gore among the (Current TV HQ) staff was thick enough to cut with a scimitar.

      Hee, hee, hee, hee, hee, hee, hee,……

  8. HELENK says:


    gee some senators just found out that the obamacare hurts their states. Maybe they should have read the bill before they voted for it. But they were so busy pontificating on how wonderful it was going to be they did not have time to read it

  9. myiq2xu (D) says:

    • DandyTiger says:

      I know I was totally shocked. /s

    • DandyTiger says:

      Good thing we didn’t get that Romney guy with his binders of women who threatened to have a 50/50 cabinet. Last thing we needed was a governor with the best record of the most women at the highest positions (better even than women governors). Instead we got free birth control. Oh, by the way, has anyone noticed we won’t really get free birth control. Or is that still a secret.

    • DeniseVB says:

      Obama said he was looking for the best qualified not gender. Ha, like qualified has been a prerequisite before.

  10. myiq2xu (D) says:

  11. votermom says:

    LI & ace are pointing out that Warren isn’t declaring herself a Native American senator.

  12. votermom says:

    I just learned that the trillion dollar coin brilliant idea (sarc) came from boewolf at firedoglake. I knew it smelled like MMT hocus pocus.

  13. yttik says:

    Speaking of crazy ones, just a few years ago liberals were attacking Hagel for being so strongly against abortion, even in cases of rape and incest. Today the exact same organizations are sending out appeals telling people to pressure congress to confirm him. Last year he was a dangerous extremist, this year he’s “a moderate Republican with strong liberal values.”

  14. HELENK says:

    dems in congress just sent a letter to backtrack telling him he could raise the debt ceiling on his own without congress.

    change the constitution to keep backtrack for life
    give him all fiscal power the senate does not do the job anyway no budget for four years
    do away with the Constituion

    gee we can have the united states of kenya

    first spending cut do away with congress they do not seem to want to work anyway and the cost seems to be greater then the value

  15. HELENK says:

    US IRS will accept 2012 tax returns on Jan. 30, 8 days later than planned due to tax law changes made in ‘fiscal cliff’ bill – @Reuters

  16. votermom says:

  17. HELENK says:


    congress LESS popular than root canal, cockroaches and lice.

    now that is pretty bad

  18. Those three things are ultimately solvable. Congress? No way. Too many professional takers for ever reverse the situation. We are so doooooomed, and all that’s left is stalling for time.

  19. HELENK says:


    Morsi is called for backtrack to release the blind sheik. This republican presses backtrack to deny his release

  20. HELENK says:


    is this a lawsuit coming down the pike.

    can a bank freeze your account because they do not like what you are selling even if your product is legal???

    • Propertius says:

      Why not? They did it to Wikileaks. If you can do it to one enterprise, you can do it to any enterprise. That’s why I couldn’t understand why there wasn’t more outrage about that.

  21. Propertius says:

    Rather than minting platinum coins or throwing the elderly in the streets to starve, why not just implement a modest (say, 1%) transaction tax on stock and derivatives trades. If you look at the document:

    Click to access r_qa1212_anx23a.pdf

    On the Bank of International Settlements web page, you’ll see that the dollar value of exchange-traded derivative contract turnover was $145 trillion in the 3rd quarter of 2012. That’s nearly $600 trillion/year (a neat trick when the GDP for the whole planet is only a little over $40 trillion/year). A 1% tax on those transactions would produce a budget surplus of $4-5 trillion dollars. That’s enough to pay off the entire national debt in about 4 years.

    • myiq2xu (D) says:

      I’m no expert but that idea seems too good to be true.

      • Propertius says:

        Party pooper ;-).

        On the other hand, it just might indicate who the uniparty really works for.

        It’s also a pretty clear indicator of just how bizarre the whole derivatives market is and how little it really has to do with what normal people think of as the “economy”.

Comments are closed.