Slashdot Mirror
Congressman Introduces Bill To Ban Minting of Trillion-Dollar Coin
Dainsanefh writes with news that the new Congress isn't wasting any time getting back to work. From the article: "Lawmakers are still positioning themselves for a debt ceiling fight in a few months, but one Republican congressman wants to snuff out a particular idea immediately: the U.S. Treasury minting $1 trillion platinum coins to avert a debt ceiling showdown. Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama from minting the coins. The trillion-dollar coin has been previously discussed on Slashdot:"
“This scheme to mint trillion dollar platinum coins is absurd and dangerous, and would be laughable if the proponents weren’t so serious about it as a solution,” Walden said in a statement. “My bill will take the coin scheme off the table by disallowing the Treasury to mint platinum coins as a way to pay down the debt.”
I couldn't agree more, we need to reign in this insane spending. But, you know, I would like to know why Congressman Walden voted against limiting funding for the war in Afghanistan? Probably because he's actually for spending taxpayer money, increasing the debt and then trying to stick the president with the bill at the end of the night so he looks like a dumbass. Well, too bad, you're all equal dumbasses when it comes to fiscal policy. All of this is just childish. The Republicans made deals with the Democrats to spend spend spend on both sides and now they want to act like they've been trying to stop spending all along. And it's getting ridiculous. And Republicans have a brilliant plan to solve all the problems by blocking any legislation and flirting with a second recession? Burn in hell, you're just as responsible if not more responsible for the insane spending (you're still writing blank checks for one of dubya's religious crusades).
My work here is dung.
What was it that Mitt Romney said he paid? 15%? Their tax rate might be 35% but they're not paying 35%