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View Diary: WHY the GOP should be nailed to the wall on the shutdown, and HOW to do it. (28 comments)

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  •  debt ceiling (10+ / 0-)

    should rise automatically as the government approves spending.

    It is time for Crashing Vor to do an ad taking on the Third Way, the enemy within

    by GideonAB on Tue Oct 08, 2013 at 05:45:21 AM PDT

    •  yes, it is such a farce. nt (2+ / 0-)
      Recommended by:
      TomP, mikejay611

      "Don't Bet Against Us" - President Barack Obama

      by MRA NY on Tue Oct 08, 2013 at 06:06:33 AM PDT

      [ Parent ]

      •  From farce to screwball comedy (3+ / 0-)
        Recommended by:
        MRA NY, Box of Rain, mikejay611

        I like the idea of combining the 3 ways of avoiding default -- platinum coins, Consul bonds and the 14th amendment.

        Maybe we could combine them in some fiendish manner that would take the courts years to determine that no one has standing to sue -- Platinum Coin issued under the authority of the 14th amendment backing a whole bunch of consul bonds that are then slowly used to retire the Platinum coin ...?

    •  Obviously it should ... (0+ / 0-)

      ... and under our system of government, a prudent House Majority ought to pass that reform, and a prudent Senate Majority pass it as well, without interference from the anti-democratic US Senate version of the filibuster, to be signed by a prudent President.

      On the other hand, given a series of such prudent House, Senate, and President combinations raising the debt ceiling as necessary, one might not notice how dangerous the formality of raising the debt ceiling when required is if sometime in the future some reckless and irresponsible major participant in the process should decide to throw bombs instead of governing.

      So after nailing the Republicans to the wall on this, it would be a good idea to reform the debt ceiling as soon as practicable, so that work-arounds like FIP Consol Bonds are not required.

      Support Lesbian Creative Works with Yuri anime and manga from ALC Publishing

      by BruceMcF on Tue Oct 08, 2013 at 09:02:53 AM PDT

      [ Parent ]

    •  Yeah, it's called (1+ / 0-)
      Recommended by:
      BruceMcF

      "accounting." I know Wall Street has forgotten how to do that, but that shouldn't mean that the rest of us go follow them.

      Government and laws are the agreement we all make to secure everyone's freedom.

      by Simplify on Tue Oct 08, 2013 at 11:21:30 PM PDT

      [ Parent ]

      •  Yes, the debt ceiling ... (1+ / 0-)
        Recommended by:
        Simplify

        ... was never written to interfere with spending funds duly authorized and appropriated, but to facilitate it, at a time when each bond issue required a separate Congressional action.

        That's why this works: the legislation used to interfere with regular operations has a big loophole because it was never actually written to be a limit on bond sales.

        Support Lesbian Creative Works with Yuri anime and manga from ALC Publishing

        by BruceMcF on Wed Oct 09, 2013 at 01:54:49 PM PDT

        [ Parent ]

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