Mark A. Patterson, senior fellow at the Center for American Progress, has made what I consider to be one of the worst arguments against the minting a trillion dollar platinum coin to deal with the debt ceiling. From Wonkblog: The coin is a clever, nifty idea but it has problems. The one that gets overlooked [...]
|By: Jon Walker Friday October 4, 2013 8:05 am|
|By: Jon Walker Monday January 14, 2013 7:19 am|
Obama doesn’t want to get around the debt ceiling, he wants to beat the Republicans on it. Obama seems to believe he can win at a game of chicken, despite his rather abysmal track record so far.
|By: Jon Walker Wednesday January 9, 2013 7:52 am|
Ultimately it is the Supreme Court who decides the legality of unilateral ways to avoid the debt limit, be it with a platinum coin, invoking the 14th Amendment, or moral obligation coupons. But the only way the Supreme Court could end up ruling on one of these actions is if President Obama actually uses one to avoid the looming crisis, then someone with standing sued him, and the Court decided to take the case.
|By: Jon Walker Friday January 4, 2013 11:08 am|
The next looming fight in Congress is clear and the battle lines have already been drawn. The debt ceiling will be reached in roughly two months. President Obama claims that he will not negotiate over it again. Meanwhile Republicans are demanding spending cuts with no tax increases in exchange for raising the debt limit. Republicans [...]