https://nitter.1d4.us/jimtankersley/status/1653416499145580544
They’re 100% right, the constitution does compel them to continue issuing debt to pay their bills.
But holy shit just mint the coin you can do that today and no one can stop you, why do a complicated argument that will face serious pushback and probably be stopped even though it’s technically correct?
Because its part of the Kabuki of politics. You need to run right up to the line screaming "They're going to take your Social Security! They're going to take your Medicare!!! We have to make a deal!!!!!" and see what shakes loose.
Minting the coin will just piss off Congressional staff who run around making back room deals to fund the next Dick Sucking Factory in Winatoba.
to fund the next Dick Sucking Factory in Winatoba.
im just happy theyre bringing the factories back home and not sending our productive dick sucking forces over seas anymore
They don't need to mint the coin, they can just keep paying for things without it. Just completely ignore the debt ceiling.
prediction: they announce that it's being minted, and the most important political question in the country becomes whose face is going to be on it for the rest of the election cycle. Popular suggestions include Reagan (GOP), Bush (Dems), Jesus (Based Tradcaths), and Elon (Bluechecks). Ultimately the Biden administration goes with Socks the Cat.
We have the world's biggest guns, what are the failing states of the capitalist world gonna do? Repo our military?
I asked this question in grade school. What if the federal government just didn't pay some of its debts? I remember my teacher getting really upset.
like seriously, what can they do? they can threaten to sanction us, but my guy, we have a kill team of 10,000 troops in your capital
If they mint the coin, wherever they end up storing it I hope someone has the foresight to set up a vending machine nearby that only accepts trillion dollar coins.
and the only thing it has in it is a single can of expired coke zero
You want to mint the coin to avoid the debt ceiling.
I want to mint the coin because “shiny round metal pretty.”
We are not the same.
Why mint the coin? That's easy. Where's the challenge and the fun?
Instead Biden can try a highly complex and complicated (and unconstitutional?) legal avenue that the GOP justices could surely kill in a day leading to a catastrophic economic collapse and most likely a dem bloodbath in 2024?
It would be pretty funny if Biden's vanity is literally more important than the economy and the future of the democratic party.
- mint a trillion dollar coin
- use the coin to pay a friend to dig a hole
- the friend uses the coin to pay me to fill the hole
- repeat
- infinite economic growth
for people who are unfamiliar with "the coin": https://en.wikipedia.org/wiki/Trillion-dollar_coin
The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion-dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury.[1]
very high-value platinum coins
I know they want to use platinum to make it seem super valuable and rare, but they should just make it out of plastic to emphasize how arbitrary all this shit is.
I truly cannot tell if you're joking.
Edit: does nobody admire a nice patina anymore?
I'd love to see a movie where Nicholas Cage steals the trillion dollar coin, only to find out it's a standard plastic coin you could get in a toy shop.
It's chocolate and really old chocolate :walter-breakdown:
Seriously. It’s not like the coin is actually worth a trillion dollars. If you somehow stole the coin it had no value, if you were to ever try and spend or redeem it in any way you’d be arrested.
I think a much funnier situation would be for the thief to publicly destroy the coin.
if you were to ever try and spend or redeem it in any way you’d be arrested.
It's entirely conceivable that you could sell it to some rich asshole for millions of dollars. You definitely wouldn't get the "value" of it though
Rashida Tlaib called for minting two of them in 2020 to pay for covid relief. IIRC most of which would go to basically a universal basic income.
Stealing a $1.000.000.000.000 coin from the President of the United States of America sounds like a good setup to a Lupin III episode or any action/action-comedy pop-entertainment media about pulling a heist.
It was Mr Burns, who then fled to Cuba and attempted to purchase asylum only to get immediately thrown out again.
Who wants to pull the greatest heist humanity will ever experience
mr president please print and mail to me a 14 dollar bill so i can have another month of xbox game pass ultimate edition thank you
Similarly I think the king should sell Canada to America. I don't know what would happen but Trump might be willing to buy the place
is that even a thing that could happen? though itd be hilarious if they could sell the throne to someone in each state
I have no idea but once we get the money it's up to the buyer to work it out. No refunds
Frankly anyone doing business with us should expect to be ripped off by now
extremely critical support to the republican party in their efforts to end American dominance on the world stage
Why not print 100 and start fixing the planet you bastards.
