Oregon Congressman Explains How to Run Up Expenses on a Budget

He bought a story from The Onion?

Or a rather unfunny Storyline from the Simpsons

No, Krugman has actually been talking about this trillion dollar coin idea as if it were real and plausible. I haven’t tried to wrap my head around it, but it sounds like it makes as much sense as anything else. That is, Congress is already batshit psycho, so why not circumvent their problems with batshit psycho workarounds?

@IanJ:
Hmmm, I wonder if I can make a 1 million MC fun dollar bill that is legal tender?

Considering the batshit crazy/stupid/ignorance that is the GOPers, why not?

GOP douchebags cannot print money. Governments can. Fucking idiot.

It’s called seignorage: deposit that $1 trillion platinum coin in the Federal Reserve and then pay the nation’s debts after these “miscellaneous receipts” have been transferred from the US Mint Public Enterprise Fund to the Treasury.

I suggested this on 7 July 2011 in the run-up to the previous debt-ceiling farrago.

As a numismatist, I know that various pundit’s suggestions as to whose face — Boehner, Norquist — should be on the coin conflicts with US law that no living person be depicted on US coinage.

Inflation anyone?

If these people get any stupider we’ll have to open a home for them. How are the able to dress themselves in the morning?

@stickler: The conflict you allude to only exists if either is (or ever was) alive.

I think Boehner was embalmed around the time of the debt ceiling fight (badly – as evidenced by his pallor). Whereas Norquist always struck me as one of the undead (but not one of the cool ones).

So the adbot thingie at the New York Times website apparently thinks that I’m a Xtian man looking for a woman – advertising some Christian singles match dot com service. I totally think it’s because I’m using a wireless network at a motel in the South. When I’m sitting at home, it’s all Prius and vodka ads.

@Walking Still: Thank you for taking the words right out of my mouth. With all the joking about Cheney’s missing heartbeat aside, we overlook the fact that Norquist and Boehner show no signs of life – ever.

Why shouldn’t the Fed take a trillion dollar coin at face value? We all do the same with the other coins and bills. Don’t the banks that own the Fed have confidence in the good old US of A? Are they anti-American defeatists? Off with their heads!

TJ/ Is Jed Bartlet cursing in Latin yet? The Tide, as they say, is rolling.

@stickler:
Why not put Ronald Reagan’s face on the coin?

@Jesuswalksinidaho:
Apropos

Vote early and often for Henri Le Chat Noir for Best Cat Video of the Year.

@SanFranLefty: Done. Henri has a big lead in the voting.

In a slough of despair.

Just saw Dick Armey shitfaced on Mattews shew. I mean shitfaced. Hubba hubba. Spewlorninkin gem. Aspefremcratsfum. Juk juk.

As it were.