Howard: Hey, you know what’d be a great idea? We get some girls over here and play Laser Obstacle Strip Chess.
Leonard: Believe me, Howard, any girl who would be willing to play that, you don’t want to see naked.
Howard: You underestimate me.
The Big Bang Theory The Work Song Nanocluster 2009
“L’audace, l’audace, toujours l’audace!
Yesterday the Washington Examiner commented on the idea of the White House minting “Trillion dollar coins” to balance the budget:
Now that the Treasury is near the debt limit yet again, liberals have cooked up an even crazier scheme to avoid much-needed structural entitlement reform. This time, they claim that a 1997 statute passed to authorize the minting and selling of commemorative coins also authorizes the Treasury secretary to mint unlimited amounts of money. The Treasury could then deposit these coins at the Federal Reserve and use those funds to pay off our debts. The Obama administration has yet to comment on the collectible coin solution.
The debates over our nation’s debts and deficits can be tense. At moments of levity, the 14th Amendment and collectible coin schemes are both good for a chuckle. But our country also faces real and tough problems that demand real solutions. The Left does itself and the nation no favors by taking these schemes seriously.
And Byron York, who I like a lot poked fun at this idea a bit:
In fact some might even laugh at counter measures being proposed:
Rep. Greg Walden, R-Ore., has also announced plans to introduce a bill that would make it illegal to mint high-value coins to pay government debt.
I don’t laugh at them at all, I think countermeasures are vitally necessary.
If there is one thing these last four years have erased from my calculation it’s the idea that our friends on the left are limited in any way in their actions.
From Obamacare to Benghazi we’ve seen a White House willing to do ANYTHING to achieve their goals and a press willing to cover for them at every turn.
Why WOULD the White House hesitate to take any action that they think might be in their political interest, law be damned?
Consider this line from Byron York concerning the GOP’s attempt to get Democrats to pass a budget emphasis mine:
As Sessions sees it, Reid’s budget gambit is the result of a long-term plan. “It’s not a failure of leadership,” Sessions said. “This is part of the president’s political tactics. There’s no doubt in my mind that the White House and the Senate leadership calculated that the lumps they would take for not producing a budget were preferable to actually exposing their financial plan for the future.“
Remember the Senate is required BY LAW to pass a budget, yet politically Harry Reid & the White House has been willing to ignore the law when it’s to their advantage and for three years the press and the public have ignored it.
Some may think Representative Greg Walden is pulling a stunt trying to advance this bill, I disagree. You’ve got to kill this option right now before it becomes a serious play.
If anyone thinks for one moment that the prospect of this administration turning us into Weimar on the Potomac worries this administration more than having to propose any budget cut that would upset the people who write the checks or the activists that turn out the vote, then you haven’t been paying attention for the last four years.
Update: fixed last sentence in 2nd to last paragraph.
Update 2: Clarity? How much more clarity do we need, but then again it took 10 plagues to get Pharaoh to let the Israelites go