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Old 13 January 2013, 07:10 PM
JoeBentley's Avatar
JoeBentley JoeBentley is offline
Join Date: 23 June 2002
Location: Jacksonville, FL
Posts: 21,796

Guy I have this figured out.

You can get a 100 Trillion Dollar Bill on eBay for only 5 bucks.* We buy one of those we'll have enough to for the 1 Trillion Plan, pay off the debt, and have... let's see...83.5 trillion left over!

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Old 13 January 2013, 07:21 PM
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thorny locust thorny locust is offline
Join Date: 27 April 2007
Location: Upstate NY
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My guess is that Obama's not about to either straighten this out by any technique involving the Executive Branch being the only or primary one to take action, or to threaten to do this or even state that it's a possibility, unless and until Congress fails to act for so long that the USA is actually beginning to default on its debts: because, if the Executive is willing to take care of it, there is then no incentive for Congress to actually behave and do it themselves; and because, if they think the Executive Branch might take care of it, some factions among the Republicans will do their best to force things in that direction, so that they can then blame the increased debt level on Obama while loudly proclaiming that they themselves voted against it.

If they vote against it but can't count on the Executive authorizing it anyway, then they might have to deal with, and be blamed for, the consequences of the USA going into default. If they think they can vote against it and have Obama make the consequences disappear, then they probably expect that most of their constituents won't understand that there really would have been serious consequences; and they can have a nice court battle claiming that Obama acted unconstitutionally. Whether Obama wins that one or not, it would take time and energy to fight, and give those Republican factions a political weapon against him all the time the fight was going on.
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Old 13 January 2013, 08:04 PM
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erwins erwins is offline
Join Date: 04 April 2006
Location: Portland, OR
Posts: 12,366

Most importantly, they'll claim that Obama doing this "by fiat" is just another step in Obama's fascist-communist tyrannical takeover of the US. We'll then be one step closer to living under his dictatorship, with accompanying FEMA death and reeducation camps, the outlawing of bacon, and mandatory gay marriages.
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Old 13 January 2013, 08:33 PM
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nonnieyrissa nonnieyrissa is offline
Join Date: 16 July 2007
Location: Brooklyn/Hudson, NY/Rancho Cordova, CA
Posts: 2,554

OT and all, but how does this mandatory gay marriage thing work if you're already married/partnered? Could we just request that we are mandated to add Ruda Gedmintas to our current union? Or are we just out of luck, because I think that everyone should be given the chance for their own mandatory gay spouse. Or... oh my, would we be given a mandatory heterosexual spouse? If so I would like to request Stephen Colbert and/or Jack White...
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Old 13 January 2013, 10:20 PM
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E. Q. Taft E. Q. Taft is offline
Join Date: 30 July 2003
Location: San Diego, CA
Posts: 14,406

If we go to mandatory gay marriages, I bet you could make a great new reality show with men competing to marry Ru Paul....
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Old 14 January 2013, 02:31 PM
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GenYus234 GenYus234 is offline
Join Date: 02 August 2005
Location: Mesa, AZ
Posts: 26,695

Originally Posted by Steve View Post
I'm not a lawyer, so maybe I'm misunderstanding the law. But as far as I know, the Treasury would just have to do what it's told on this. And the whole point is to bypass the Fed, so I don't even get why they get a mention in the article.
I would guess that the Tresury is saying that they won't do this on their own, not that they wouldn't do it if ordered to do so. And it is Congress that the coin would be getting around, not the Fed.

ETA: If you are heterosexually married, does each spouse get married to a person of the same sex for a four-way marriage?
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