Wednesday, January 9, 2013

One Coin To Rule Them All

If Republicans again attempt to bring the country to the brink of defaulting on its debt, then yes, Obama should #mintthecoin.  Minting platinum coins is silly, but threatening to block the government from paying its creditors is insane.  Even some in Washington do not seem to understand that the debt ceiling deals with money that has already been appropriated!  If Republicans want to hold money hostage they should do it during the appropriations process and threaten to shut down the government, nut to cause the treasury to default.

I'm getting very tired of governance by hostage taking.  Republicans succeeded in 2011 of bringing down the President's popularity, but obviously they failed in their ultimate goal of making him a one term president.  I don't expect them to join hands with Obama and put all their differences aside, but maybe they could try to advance their views in a way that doesn't destroy the world economy.

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