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Insane: Liberals Contemplate $1 Trillion Platinum Coin to "Solve" Debt Limit Issue

Henry VIII Wrote: Dec 08, 2012 3:15 PM
DelicateLoyalist Wrote: 1 minute ago (3:07 PM) I believe these economists are just abandoning free-market principles to save the free-market system to make sure the economy doesn't collapse. No these economists are Keynesian dreamers who think they can shove a square peg through a round hole despite Europe's glaring epic failure. These people want to destroy the free market, they don't like it. That's why there has been Wars on class, religion, and the family; we must all be dutiful little nanny state morons. But, alas the whole experiment will backfire; people get real edgy when they can't get up in the morning without instructions. Your Keynesian experiment will either explode from oppression or implode from its own dead weight!
SCLiberal Wrote: Dec 08, 2012 3:21 PM
To say Southern Europe is an epic failure, you'd first have to explain why they're a failure and what's causing their problems. From there you could then compare their root cause to our situation and compare and contrast the two, but I'd bet you can't explain why S. Europe is struggling, how the Northern European countries are dealing with the situation, and why that's causing the Euro crisis. I'd further bet you can't explain the historical reasoning to why the Northern European countries (hint there's only one acting the way it is) are acting they way they are and how their political and historical objections can't easily be overcome. Finally, I bet you cant distinguis between socialism, capitalism, democracy and totalitarianism.
DelicateLoyalist Wrote: Dec 08, 2012 3:17 PM
Why do you hate George W. Bush and John Maverick! McCain?
Henry VIII Wrote: Dec 08, 2012 3:20 PM
Geo spent too much and grew the government....but nothing like what your messiah has done!
InAmericaSince1627 Wrote: Dec 08, 2012 3:27 PM
Not even close to the damage done with "immoral" wreckless spending.

Welcome to Zimbabwe.  This is not a parody -- it is an actual report from the Washington Post:
 

Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able...

Related Tags: Debt Limit Inflation