Yup, editing, again. (This time, it’s the good stuff.)
One of my favorite movies, scariest, too. Shelly Winters’ scene you-know-where: smashing. And Robert Mitchum, the Reverend Harry Powell, the evil you never want to meet.
I think I’ll go check the door lock.
Mitchum had a good voice. This movie was ahead of its time with the risque scene of the metaphoric switchblade popping out of his pocket during the burlesque show. I wonder what that was supposed to mean.
Uh, did they serve popcorn at burlesque shows? Just wonderin’.
so will someone explain the trillion dollar coin to me? Use small words and assume I don’t know anything. It sounds a bit like my kid drawing a picture of a eleventyseven dollar bill and me sending it to the credit card company. Rufus? You used to be able to explain this crap to me. I would also like to hear why on earth this isn’t the worst idea ever.
And while you’re at it, whoever answers, explain me this: why did ESPN & Mushburger have to apologize for commenting on Miss Alabama? Were we watching The View or something?
Though I’ve never been a fan of Mucasbrain, in my best Canteen Boy, esmasculashoyn.
no one knows anything?? or all you all too busy be productive members of society? I’ve spent the afternoon making my own money. I have some carpet lint I’ve decided is worth a bazillion.
The idea behind it is to use it to pay current spending obligations that would push us past the debt ceiling and into default. There is debate amongst economists as to whether or not this is in itself a de facto default, since in essence it is monetizing our debt, and whether or not it amounts to currency debasement, with hyperinflation soon to follow.
Let. It. Burn.
Tracy, in case it’s still not clear, try this to explain why/how the Democ-rats have suggested it; and then look at this to understand why it won’t work. In fact, it would make things worse.
My father used to tell people that he was going to run for president. His platform would be to promise everyone a million dollars. Since everyone would love to get a million dollars – just think of what you could do with a million dollars – he would be guaranteed to win the election. After being elected, he would give everyone a million dollars (if he didn’t have it in the treasury, he would have the treasury print it or coin it).
So, just think, after you get your million dollars, you go to the Ford dealership to buy yourself a new 250. But when you get there, you find a long line because everyone else who also has a million dollars also wants to buy a new 250. Then when it’s finally your turn to meet with the nice salesman, you discover that the 250 is no longer $40K; it’s now $200K (Hey, the nice salesman tells you, “You can afford it. You’ve got a million dollars. If you don’t want it, there are a whole lot of other millionaires who’ll buy it.”).
Then you decide to go have lunch and think about it. Well, there isn’t a restaurant open because all the waiters and waitresses have quit because they’re millionaires now. And the restaurant owner? He quit, too. He’s a millionaire, after all. When you finally find a restaurant that’s open, the chili cheese fries are $125. And guess what?? Your taxes just went up ‘cuz you’re in a new bracket. Pretty soon, a million dollars isn’t worth the paper it’s printed on.
A trillion dollar platinum coin will be like your million dollars: worthless. If preezy can just mint trillion dollar coins, why doesn’t he just coin a bunch to pay for the party and then we won’t have to pay any taxes!!
The U.S government can create a coin and say it is worth a trillion dollars, but that doesn’t make it so (someone has to accept the coin in a trade to define its worth).
Basically, it’s a goofy idea that some Democrats came up with that they could use as a way to spend more money than the debt ceiling allows them to. The congressman who floated the idea explained it thusly: “all you do is you tell the Federal Reserve to make a platinum coin for one trillion dollars, and then you deposit it in the Treasury account, and you pay your bills.” In other words, bypass taxpayers, bypass your fiscal responsibility, and make the Fed print more money for you to spend.
Of course, the idea is idiotic because (a) it’s unconstitutional and (b) it would cause inflation rates to go through the roof. After all, if Congress could simply mint coins to pay their bills, they would do that instead of taxing people.
Sadly, it appears that it is legal, and under the 14th Amendment, contitutional. It is idiotic, though.
Enjoying watching the State of the State from our governor.
I love the internet.
As I noted at FB: “Stroke of the pen. Law of the Land. Kinda cool,” Paul Begala, political consultant, commentator and was an adviser to President Bill Clinton.
— Source: The New York Times, July 5, 1998, referring to executive orders.
Democrats: Pissing on the Constitution pretty much since it was created.
The House can rescind exec orders from what I hear. Will they? Who knows?!