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View Diary: 'Grown-ups don't mint trillion dollar coins' and other childhood fantasies (224 comments)

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  •  What could the Republicans do? (0+ / 0-)

    They could try to litigate and/or impeach Obama, but since you and I both agree there's a consensus it's legal, I don't think the markets would overreact too much. As I said, crocodile tears--everybody would know any attempts at litigation would be certain to fail. It certainly wouldn't be "real economic terrorism." The fact of the matter is that they only control one house of Congress and while they can block bills all day they can't pass anything on their own. While I would be in favor of the "trade-off" you mention between the debt ceiling and the coin option, if the GOP refuses that and continues to insist on spending cuts I don't think it would be a terribly big deal to mint the stupid coin.

    "He, O men, is the wisest, who, like Socrates, knows that his wisdom is in truth worth nothing."--Socrates

    by TealTerror on Wed Jan 09, 2013 at 11:44:16 AM PST

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