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View Diary: GOP congressman accidentally admits President Obama could legally mint the trillion dollar coin (116 comments)

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  •  We've never been here before (1+ / 0-)
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    bartcopfan

    If we reach the debt ceiling and all of the available workarounds are played out, then we have three choices:

    1) Mint the coin. Yes, it's a loophole in the law. Yes, it sucks. Yes, the President might be blamed if he does it (actually, that's not in doubt - Republicans would blame him if the cafeteria soup got cold...)

    2) Use the budget as the prevailing guideline, per another diary up recently on dKos. I personally like this idea and think it has some legal merit. Why issue a spending mandate if you don't mean for the government to spend it?

    3) Let the country default on its debts. This you propose is better than option (1), and if I'm reading you right, better than option (2). It's also directly against the 14th Amendment's debt commandment.

    There are no other choices that I've seen. Two legalistic wranglings and just saying "fuck it" to the country and its constitution - that's it, and I'll take one of the wranglings over the latter, thanks.

    Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves. - William Pitt

    by Phoenix Rising on Mon Jan 07, 2013 at 07:47:06 PM PST

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