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The Fiscal Cliff and Other Instances of the Government Kicking Itself In the Economic Nuts
Posts
I would be browsing libertarian forums all day just soaking in the beautiful panic.
Obama just needs to do this shit, regardless of whether he needs to. You can destroy the coin right afterwords. I just want this to happen. It's just too much fun to pass up.
The debt ceiling is perfectly fine so long as reasonable are in charge too.
If you can't understand the parallels here then I'm not sure you should even be talking about politics and government.
No, it's not. The very idea is dead fucking stupid. That it even exists is dumb as a bag of GOP congressman.
Eh.
I don't begrudge it's existence because it dates to a time where that kind of thing made sense. We didn't have the instant communication we have now and all that jazz.
The debt ceiling has no reason to exist outside the use as a political football at this point though. If we were sensible we'd get rid of it.
We are not sensible.
But it only exists because of those Congressmen so...
Sorry Quid, pretty words don't make you any less wrong. The debt ceiling was always a terrible, terrible thing. It's just previously we could count on people understanding just how horrible it was that nobody would touch it.
Please, look up hypocrisy. You keep using that word. I do not think it means what you think it means.
No, it's existed for a long time now.
Legally it has to be platinum. the law intended for it to make commerative coins in platinum. Other collectible coins in gold and such actually do have o reflect their value in the base metal.
As a law passed by Congress.
Er, the debt ceiling was put in place between the wars.
It has nothing to do with communication times, it has everything to do with the ever present debt scolds and debtophobes throughout American history.
It's just back then they weren't using it as a cover to dismantle social programs.
For almost a hundred years or so.
Via a law enacted by Congress.
Which means it just takes an act of Congress to get rid of it and replace it with something not stupid.
I really don't think you get how our government works, man.
Technically it was implemented because the previous method of authorizing debt was even slower and sillier and more onerous.
It previously existed as it did because, well, congress is the one with the power to authorize debt.
True, but the reason it wasn't just a "debt will raise commensurate with spending plans" was because of the debtophobes.
It was a simpler time, before the country voted out of fear of Rooskies and instead voted out of fear of black people and chinese.
Yes, because the previous government we tried couldn't and that was really fucking stupid and we didn't have budgets that ballooned past revenue unless war were declared.
Geth, close the thread.