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U.S. Debt ceiling can be sidestepped by minting a $1T platinum coin
- breckenedge 5y agoI am not surprised to see the Republicans playing this card again, it is an effective message among some people with short memories.
- 988747 5y agoYes, because generating infinite amount of debt is fashionable now. All that Republicans try to do is to stop the US from following Venezuela's footsteps. Unfortunately, it might already be too late for that.
- andrewjf 5y agoNo, they don’t care. It’s merely a political weapon they use to hurt their opposition. There’s no strategy beyond signaling to their base.
- CheezeIt 5y agoIt wouldn’t work if the Democrats didn’t want to spend an infinite amount of money.
- ersatz_username 5y agoHow many times was the debt limit raised or suspended under the last republican administration (or the one before that, or the one before that…). Or how about this one, who raised the debt limit more? Reagan or Obama? Fun fact, that would be Reagan. Perhaps this isn’t a partisan issue.
- metiscus 5y agoOne of the only things both parties been agree on is spending lots of money. They differ only in rhetoric and what they want to spend that money on. The most fiscal restraint is usually shown when you've got a split executive - legislative across both parties since neither is inclined to work towards the other which simultaneously retards the growth of the budget slightly.
- deleted 5y ago[deleted]
- guilhas 5y agoZimbabwe would be proud
- techzerd 5y agoHow long can they keep raising the debt ceiling ? 100 years ? Forever ?