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View Diary: Updated: President Says No Platinum Coin (187 comments)

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  •  I always thought the platinum coin (16+ / 0-)

    would turn out to be just another shiny object.

    But it did make good theatre as an interesting sub-plot.

    I'm afraid that as usual we won't know exactly what protecting the social safety nets, any of them, are going to mean until after the fact.

    It's well known how the majority of the public feel about these issues and always have.  The majority really aren't that stupid even with all the propaganda of pretzled interpretations, dubious manufactured crises, and highly questionable multitudinous projections into the future.

    Nonetheless, it's important to advocate for sound logic and a  humanitarian future.

    We've always been willing to sacrifice for a purpose within reason.  Sacrificing for the wealthiest 1%, perhaps ever but unquestionably within a hundred years of our history, and for an enormous military/intelligence complex is both illogical and inhumane.

    More: Some men think the Earth is round, others think it flat; it is a matter capable of question. But if it is flat, will the King's command make it round? And if it is round, will the King's command flatten it?

    by blueoasis on Sat Jan 12, 2013 at 04:45:21 PM PST

    •  Thanks for the comment, blueoasis. (11+ / 0-)

      Agree wholeheartedly.

      I found Borsage's take on thisinteresting  

      In any case, “shared sacrifice” is for suckers.  It is neither just nor sensible to demand sacrifices be shared by the predator and the prey.  It doesn’t make sense to ask everyone to sacrifice when the top 1 percent has captured 93 percent of the country’s income growth as it did in 2010.  It makes no sense to cut spending on everything when long-term deficits are driven by one thing – our broken health care system.  And it makes no sense to cut everything without being clear about what we need to build.

      At the end of World War II, our debt burden was about 125 percent of GDP – far higher than it is now.  Yet our leaders were focused on how to put the GIs back to work and avoid a return to the Depression.  So they enacted the GI bill to educate a generation.  They subsidized housing and built the suburbs.  They converted wartime industries to peacetime development.  They launched the Marshall Plan to rebuild Europe and create markets.  They built the interstate highway system to pave way for a national market.  They fought over deficits and budgets, but they did what needed to be done. And they built the first broad middle class in the world’s history that made America exceptional.

      They fixed the economy.  They generally ran deficits and added to the nominal debt.  But the economy grew far faster and by 1980, the debt was down to below 40 percent of GDP and not a concern.  They are remembered as the great generation.  We might learn a thing or two from them.

      Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

      by divineorder on Sat Jan 12, 2013 at 04:54:03 PM PST

      [ Parent ]

    •  Yeah, and the fact that the banks own the joint, (0+ / 0-)

      and everyone's happy that we won't be challenging their position in being the main issuer of our money supply, makes lots of progressive sense.

      Cuz goodness knows, we wouldn't want any QE for the people which doesn't first run through the banks as a form of credit.

      That might mean cutting the banks out of their profits just a bit.

      And SS isn't as important as giving banks a profit.


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