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letsgetitdone's picture

Some Platinum Coin Objections from the Mainstream: Part I

As I was working my way through the series of posts beginning with this one, news was announced that Republican and Democratic Party leaders in Congress, along with the President had come to agreement on the terms of ending the debt ceiling standoff in the context of a new budget deal. Their agreement provides for suspension of the debt ceiling until March of 2017; so the immediate need to turn to unusual solutions to a pending debt ceiling crisis is now gone, and, along with it, crisis-driven discussions about the platinum coin option.

Nevertheless, even though the immediate reason motivating renewed discussions of the platinum coin option is now gone, I still have some unfinished business dealing with the issues surrounding it. Late last week I replied to a paper from Philip Wallach of The Brookings Institution with a post at Naked Capitalism, as well as a number of other sites in the blogosphere. Now, Wallach has replied to my post, which mostly presents new arguments not in his original paper. Read more about Some Platinum Coin Objections from the Mainstream: Part I

DCblogger's picture

Why does James Comey have a job?


Across the country, and especially here in the nation's capitol we have seen and increase in gun related homicide. There is nothing complicated about the cause of this. Millions of guns and high capacity magazines are pouring into America's urban neighborhoods, with entirely predictable results. So what does our precious FBI director do? He blames the victim. Read more about Why does James Comey have a job?

metamars's picture empowering anti-TTIP activists in the UK

I just learned about this site, tonight, via a Russel Brand interview. I don't have the time to study it a lot, but it seems like a credible contribution to activists' empowerment.

For one thing, it allows for more than just petitions, which are easy to ignore by US politicians. To some extent or other (I'm hardly knowledgeable about British politics), petitions probably don't carry a lot of weight in the UK, either. Read more about empowering anti-TTIP activists in the UK

letsgetitdone's picture

Fiscal Myths of Campaign 2016: A New Kindle e-Book

Most of the world, and most notably the United States, are in the grip of fiscal myths fostered by the ideology of neoliberalism. There is virtual unanimity across the major political parties in the United States in accepting the viewpoint of neoliberalism, and the fiscal myths associated with it.

This book is about these myths, the arguments showing that they are, indeed, myths, and the truths that can counter them. It is about Campaign 2016, and some of its issues, because the fiscal myths will certainly be used in the Campaign; since, for the first time in a very long time, there is a major party candidate running, who, because he advocates for a very broad agenda and for fighting inequality, will, sooner or later, find that some, and perhaps a large number, of fiscal myths are being directed at him by his opponents and their supporters, who want to persuade voters that his agenda is “fiscally irresponsible.” Read more about Fiscal Myths of Campaign 2016: A New Kindle e-Book

letsgetitdone's picture

The Platinum Coin Returns

Upon my oath, I didn't intend to bring back the coin proposal until much later in the re-newed process of Republican hostage-taking over the debt ceiling. After all, there's not much chance that the President would ever use the platinum coin option, because his budget policy direction of getting ever closer to a budget surplus, is best served by a “forced” compromise with the Republicans, that results in another few hundred billion in spending cuts for 2016, while allowing him to place the blame on them for that outcome. Using the platinum coin option would not have that result, because it would deliver a clear victory to him.

Of course, he doesn't want a default due to Republican brinksmanship either, so if the Republicans do drag everyone too close to the cliff, then he may decide to take some extraordinary measures and the coin is one that is available, so it's conceivable that he might choose this undoubtedly, from his point of view, distasteful option. It is for this reason, I suppose, that the Brookings Institution is warning him off the coin to weight his choice towards some more conventional approach. Read more about The Platinum Coin Returns

ek hornbeck's picture

The Stars Hollow Gazette and DocuDharma Transition Update


Things make take a little longer but they are not as bad as I feared... so far. Read more about The Stars Hollow Gazette and DocuDharma Transition Update

DCblogger's picture

The problem with social media


From a brilliant analysis of Twitter by Umair Hague

We dreamed that we created a revolution. But we did not heed the great lesson of revolution. Today’s revolutionary is tomorrow’s little tyrant.

a must read. Read more about The problem with social media

ek hornbeck's picture

The Stars Hollow Gazette and DocuDharma Migrating to Wordpress


Not our choice. Our vendor is ceasing service for the Platform. Read more about The Stars Hollow Gazette and DocuDharma Migrating to Wordpress

DCblogger's picture

The nicest thing I know about Susan Rice

Susan Rice’s ‘Combative’ Tone Damaged Relations With Israel, Ex-Aide Writes

n a new book on Israeli-American relations, Mr. Ross, who has worked on Middle East diplomacy for presidents of both parties, concludes that Ms. Rice’s “combative mind-set” worsened an already troubled relationship with Israel’s prime minister, Benjamin Netanyahu, who feared that negotiations would leave Iran a threshold nuclear state.

DCblogger's picture



It seems that we should all be eating beets.
Whole Beets vs. Juice for Improving Athletic Performance
Oxygenating Blood With Nitrate-Rich Vegetables

fresh beets are simply too expensive for your humble servant, likewise frozen beets. So, is there any way to render canned beets palatable? Read more about beets

DCblogger's picture

Why we fight redux

I am reposting lambert's brilliant post because it seems germane. Read more about Why we fight redux

DCblogger's picture

2016 will NOT be like 1972

quick note about Yglesias; Vox is funded by Comcast, which recieves $1000/per month/per wiretap of their internet customers. Indescrminate wiretaps have been very profitable for Comcast, and we can expect continued attacks on Sanders by both Vox and NBC/CNBC/MSNBC. Similarly Amazon holds the cloud computing contract for the CIA, so we can expect the Washington Post to be very negative about Sanders.
Matt Yglesias Read more about 2016 will NOT be like 1972

DCblogger's picture

Jimmy Carter's record on human rights

Michael Getler

One story that I didn’t write but wished I had involves our 39th president, Jimmy Carter, who is now ill with a spreading form of cancer. So I’ll write it now, more as an important personal remembrance for me rather than as a reported news story. ...


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