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Author Topic: Administration's answer to debt ceiling...trillion dollar coin? Back to Topics
AFSNCO

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Montgomery

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Message Posted: Jan 10, 2013 11:58:47 PM

Bahahahaha...really?
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 14, 2013 8:29:27 AM

BTW, you know the reason this was even considered? The left will point the fingers at the right but it is because the president and the Senate leadership are completely unwilling to negotiate ANY budget cuts. They just do not know spending that they do not like. Budget cuts have not even been discussed as they go on and on with their "we won" attitude. It is all give and take...we all give and the Democrats in Washington just keep taking.
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 14, 2013 8:27:53 AM

And it will depreciate the value of our dollar faster than you can believe. Like I said, all you need to do is look at Germany after WWI. To pay their debt to the world they just printed more Marks. It would take a bag of Marks just to buy a loaf of bread it had depreciated so rapidly. You cannot just print money to pay bills regardless of what any of these lefties think. It may look like good window dressing but behind that dressing is nothing but garbage!
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jeskibuff
Champion Author Tampa

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Message Posted: Jan 14, 2013 6:58:52 AM

therder said: "The federal reserve is not going to accept a trillion dollar platinum coin."

As far as I know, we haven't heard the same thing stated by our moron of a president. I'm sure he'd love the opportunity to rapidly depreciate the value of our money.
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Jan 13, 2013 10:35:49 PM

Get back to the $1T coin then. There's a whole topic about repealing the second amendment right here on this page and I've posted in it. Knock yourself out.

[Edited by: MiddletownMarty at 1/13/2013 10:36:09 PM EST]
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 13, 2013 10:29:01 PM

It is about the coin but you tried to partially quote the Second Amendment.
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Jan 13, 2013 10:00:37 PM

Isn't this topic about the $1T coin?

If you're so certain about the foundation of the Second Amendment, why are you so upset by my position?

[Edited by: MiddletownMarty at 1/13/2013 10:01:29 PM EST]
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 13, 2013 9:45:54 PM

BTW...we do not need a court to read it and tell us what it says...the authors did it for us:

The Constitution shall never be construed to prevent the people of the United States who are peaceable citizens from keeping their own arms."
- Samuel Adams

The beauty of the Second Amendment is that it will not be needed until they try to take it.
~Thomas Jefferson

"I ask, Sir, what is the militia? It is the whole people. To disarm the people is the best and most effectual way to enslave them."
George Mason
Co-author of the Second Amendment
during Virginia's Convention to Ratify the Constitution, 1788

"Those who hammer their guns into plowshares will plow for those who do not."
Thomas Jefferson

"The constitutions of most of our States assert that all power is inherent in the people; that it is their right and duty to be at all times armed; "
Thomas Jefferson
(Letter to Justice John Cartwright, June 5, 1824.)

"The strongest reason for people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government."
- Thomas Jefferson

"Arms in the hands of citizens may be used at individual discretion in private self-defense."
- John Adams
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 13, 2013 9:33:18 PM

This may be helpful in determining what it actually says.
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 13, 2013 9:32:04 PM

Where does it say the people of the day are a well-regulated militia?

"Amendment II. A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed."
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Jan 13, 2013 9:28:24 PM

The part quoted out of context says more than those who wrote it intended; in context it says precisely what I advocate. It says that "the people" of the time were the "well regulated militia" and that the right to bear arms was for "the security of a free state." The modern day militia is the National Guard, the military, and (arguably) law enforcement. Those are the groups to which the right to bear arms should be restricted, IMHO... and I'm not all that certain about law enforcement.

In case you're unclear about what I advocate, it's repeal the second amendment except in the cases of law enforcement and the military.

And now, back to the discussion of the $1T coin.


[Edited by: MiddletownMarty at 1/13/2013 9:32:38 PM EST]
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 13, 2013 9:22:40 PM

And it says more than you want it to say.
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Jan 13, 2013 9:18:37 PM

"MTM...why do you stop there on the Second Amendment?"

Because the part you love to quote is always quoted the way you did... out of the context of the part I posted. As I pointed out earlier, the second amendment says what it says.



[Edited by: MiddletownMarty at 1/13/2013 9:22:15 PM EST]
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jdhelm
Champion Author Iowa

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Message Posted: Jan 13, 2013 9:14:33 PM

bho administration list of raises - did you get that much?
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jdhelm
Champion Author Iowa

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Message Posted: Jan 13, 2013 9:11:30 PM

fiscal cliff plan c
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 13, 2013 9:05:34 PM

MTM...why do you stop there on the Second Amendment?

"the right of the people to keep and bear arms, shall not be infringed."
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Jan 13, 2013 8:38:42 PM

The fourteenth amendment says what it says. So does the second amendment, including the parts about a "well regulated militia" and "necessary for the security of a free state."
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EZExit
Champion Author Phoenix

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Message Posted: Jan 13, 2013 5:37:50 PM

Are any of you spending more money than you have? Do you have bill collectors calling you at all hours of the day? No more credit?

Then I have the answer for you...

The new "Obama Coin®", available in multiple denominations. "How does this work?", you ask... You simply have a family meeting, in the kitchen, a bedroom, laundry room, or even on the back patio. You as a family unit simply hold the coin in the air, and decree it to be worth a million dollars. In short notice, your collection calls will change into calls for credit offers. Listen to these testimonials:

• "I had nothing, I was on the verge of bankruptcy, but then I purchased the "Obama Coin®", a week later I was vacationing on my private yacht in the Caribbean".

• "I lost my job 2 years ago, due to the economic downturn, but now, while still unemployed, I am living comfortably in my new home, and now have enough to retire, thank you "Obama Coin®"!"

Order now, operators are standing by, order today!

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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 13, 2013 5:07:06 PM

Bell, Bell, Bell...you know that only parts of the Constitution that the left finds approving are meaningful.
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Bell30012
Champion Author Atlanta

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Message Posted: Jan 13, 2013 3:08:34 PM

Good thought Marty. However, haven't the left been saying that the 2nd amendment isn't relevant any longer because our forefathers couldn't envision they types of weapons that we now have rather than the text as it is written.
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therder
Champion Author Lexington

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Message Posted: Jan 13, 2013 2:41:33 PM

The federal reserve is not going to accept a trillion dollar platinum coin. That this idea ever got serious consideration just goes to show that if the dollar wasn't the world's defacto reserve currency we would be Greece.
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 13, 2013 11:00:10 AM

"So is not paying our debts on money already spent and ruining our credit rating, but the republicans love to float that idea."

That is what happens when you read liberal blogs! That is not what they suggested. They suggested cutting spending to leave money to pay our debts.

Have you ever heard about the Weimar Republic and the German Mark to pay debt after WWI? Pay attention to history...printing money to pay debts will only worsen the economy. But keep your head in the sand...at least it keeps you blind!
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Jan 13, 2013 10:24:17 AM

"Well since the Senate hasnt seen fit to follow the law and pass a budget for - what four years now - does that mean that we dont have to pay anything from the last voted on and signed budget law?"

Perhaps the President should unilaterally raise the debt ceiling in order to continue fulfilling our existing obligations, since Congress refuses to do its job.

Financial obligations are obligations regardless of whether or not one budgets for them.
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jdhelm
Champion Author Iowa

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Message Posted: Jan 13, 2013 10:09:20 AM

fiscal cliff plan C
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jdhelm
Champion Author Iowa

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Message Posted: Jan 13, 2013 10:08:44 AM

death spiral
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jeskibuff
Champion Author Tampa

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Message Posted: Jan 13, 2013 9:42:47 AM

rumbleseat said: "So long as vending machines are coded to take them, what's the problem?"

Stocking the vending machines with enough quarters to provide change when someone buys a bag of chips with their trillion dollar coin!
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EZExit
Champion Author Phoenix

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Message Posted: Jan 12, 2013 10:17:37 PM

Why go to the trouble of minting a coin? Every household has a monopoly game complete with pre-printed money. Every time I hear another bright idea from Washington, I get more and more convinced that the elected officials are as bright as a stick, and the public that keeps voting in these morons are even less intelligent.
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flyboyUT
Champion Author Utah

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Message Posted: Jan 12, 2013 10:15:41 PM

"The validity of the public debt of the United States, authorized by law,".Well since the Senate hasnt seen fit to follow the law and pass a budget for - what four years now - does that mean that we dont have to pay anything from the last voted on and signed budget law? After all none of that spending was authorized as the law says.

Just askin now ya hear.....
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Jan 12, 2013 9:35:47 PM

"You do understand that the 14th Amendment was written to make sure that the states couldn't refuse to pay the debt accumulated by the country in having fought the civil war."


Why the amendment was written is not the same as what the amendment says. If the 14th amendment is limited to the debt incurred by fighting the Civil War, why doesn't it just say that? Here is the full text.

"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void."

The amendment clearly says the validity of the public debt won't be questioned =including= debts incurred in suppressing the rebellion, but not those incurred in support of the rebellion. The amendment clearly encompasses more than just Civil War debt.


[Edited by: MiddletownMarty at 1/12/2013 9:40:41 PM EST]
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Bell30012
Champion Author Atlanta

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Message Posted: Jan 12, 2013 9:17:55 PM

You do understand that the 14th Amendment was written to make sure that the states couldn't refuse to pay the debt accumulated by the country in having fought the civil war. It was thought that the Southern States might not be happy paying the debt for the war against them.
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Jan 12, 2013 8:56:51 PM

"So is not paying our debts on money already spent and ruining our credit rating, but the republicans love to float that idea."

Calling the public debt of the United States into question is unconstitutional.

"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." --Amendment 14, Section 4

[Edited by: MiddletownMarty at 1/12/2013 8:57:16 PM EST]
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Bell30012
Champion Author Atlanta

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Message Posted: Jan 12, 2013 7:46:34 PM

Imagine if that coin got lost. Fell down a sewer grate. Got lost in the wash...
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flyboyUT
Champion Author Utah

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Message Posted: Jan 12, 2013 7:42:27 PM

Many (not all unfortunately) repubs also have the idea to stop spending more money than we have. But the Dems seem to always want to spend ever more adn more and more - Then whine like babies when the adults say they wont pay the credit card bills the kiddies racked up.

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rumbleseat
Champion Author Winnipeg

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Message Posted: Jan 12, 2013 7:28:25 PM

So long as vending machines are coded to take them, what's the problem?
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michaelphoenix2
All-Star Author Tucson

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Message Posted: Jan 11, 2013 2:45:56 PM

"It's an unbelievable suggestion."



So is not paying our debts on money already spent and ruining our credit rating, but the republicans love to float that idea.

[Edited by: michaelphoenix2 at 1/11/2013 2:46:43 PM EST]
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BlackGumTree
Champion Author Virginia

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Message Posted: Jan 11, 2013 9:12:49 AM

The Constitution gave Congress the power:

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To borrow Money on the credit of the United States;

A trillion dollar coin would change the value of the dollar significantly which is something the commemorative coin legislation does not authorize anyone in other branches of the government to do.

Not being recognized by Congress, a trillion dollar coin would be worthless and could do nothing for the debt ceiling.

A real executive with leadership abilities and administrative experience would have countered the stupid suggestion of a trillion dollar coin when it first came out.
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sgm4law
Champion Author Maryland

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Message Posted: Jan 11, 2013 8:27:54 AM

It's an unbelievable suggestion.
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AFSNCO
Champion Author Montgomery

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Message Posted: Jan 11, 2013 12:00:42 AM

BTW...if Obama wants to see inflation through the roof go ahead and mint these to bypass the debt ceiling debate.
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