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2 posts tagged with americandecline.
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Platinum coin idea preemptively shut down

The Treasury Department will not mint a trillion-dollar platinum coin to get around the debt ceiling. If they did, the Federal Reserve would not accept it.
posted by bookman117 on Jan 12, 2013 - 144 comments

Prime Time for Socialism

The US does not have a spending problem, we have a distribution problem "Forty years from now, America will be twice as rich on average as we are today. But most of that wealth will go to the very richest households. We only have a budget crisis if they refuse to pay higher taxes... So the real point isn't that we can't afford Social Security and Medicare. It's that some people don't want to pay the higher taxes necessary to maintain Social Security and Medicare. This is a question of distribution, pure and simple."
posted by bookman117 on Nov 20, 2012 - 53 comments

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