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re: Trillion Dollar Coin Idea - Why Doesn't This Make Sense in My Head?
Posted on 1/7/13 at 7:18 am to ZereauxSum
Posted on 1/7/13 at 7:18 am to ZereauxSum
quote:
in the same since
There you go again.
Yeah, I think the idea is just to put the coin in a room as an accounting gimmick to get around the debt ceiling rule, and then to destroy the coin (without using its value as collateral to purchase or borrow anything) once some future negotiations raise the debt ceiling, or else eliminate it altogether.
To be honest, I'm in favor of eliminating the debt ceiling altogether. It's a quite silly attempt at Congress trying to impose self-restraint on itself.
Posted on 1/7/13 at 7:24 am to Doc Fenton
quote:
There you go again.
gotdammit!! I can't even blame this one on being tired!
quote:
To be honest, I'm in favor of eliminating the debt ceiling altogether. It's a quite silly attempt at Congress trying to impose self-restraint on itself.
I agree with this. If we don't want to pay for it, it shouldn't be in the budget, or in our case, whatever we've been doing in the absence of a federal budget.
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