Bring on the mint to strike a few new coins.
Posted on 05/11/2023 6:25:42 AM PDT by ChicagoConservative27
Treasury Secretary Janet Yellen, staring down a U.S. default if Congress does not reach a deal to raise the debt ceiling, argued on Thursday that the country should find a new way to avoid similar showdowns in the future.
“Personally, I think we should find a different system for deciding on fiscal policy,” Yellen said at a G7 meeting in Japan, according to The Associated Press, when asked about the debt ceiling.
Yellen, who stressed it was her personal opinion and not that of President Biden, floated the idea that Congress could repeal the debt ceiling entirely. Or the president could raise the debt ceiling, she added, with lawmakers having the ability to veto the decision.
(Excerpt) Read more at thehill.com ...
Thats where this going. These idiots want to dissolve the union and create the USSA. Who needs the constitution, congress, and the judicial system.
If it’s from Yellen, it’s smellin.
“I think she means we need a soviet system...”
No question about it.
The GOP will “oppose” this by agreeing to a “different system,” then claiming that the Democrats won’t be as good as implementing it. Evidently, winning requires accepting the other side’s premises. Ugh.
Bring on the mint to strike a few new coins.
There was a time when the executive was a pretty weak branch of the government. The president now usurps all kinds of extra-Constitutional power and nobody seems to care. The entire federal government is pretty much out of control and frequently ignores the Constitution.
Yeah, forget this division of powers and other stuff in the Constitution...
The Democrats had two years to act as Yellen apparently wishes, but the Democrats wanted to try to make the Republicans in Congress appear to be spineless bunglers yet again.
With Democrats, it’s about getting and keeping power and not about good governance.
Obama had it repealed and he signed the repeal. It worked. I think he repealed it around 2010. After that there were no more appropriations bills in congress. Just an omnibus blank check plus ten percent.
Graham-Rudman was in law starting in around 1986.
“The Congress shall have power...To coin money, regulate the value thereof,....”
Unless the Congress explicitly sets the value of a coin, it has no domestic legal value in my opinion.
A platinum Biden coin with One Trillion Dollars on it will have the market value people will pay for such a thing.
Can’t wait to buy them on The Coin Vault or whatever the stupid home shopping channel is - I saw it on TV over the weekend with dollar coins or something - maybe half-dollar
That would be true if we were bound by and following the Organic United States for America Constitution. Paper fiat is unlawful.
We are not, hence the rub. We are following the overlay Act of 1871 UNITED STATES of AMERICA constitution, where paper fiat is legal.
Legal is the undoing of Lawful.
What we need, Janet, is to stop putting incompetent academics into positions that require real world job experience.
The only way we default is if Deep State refuses to pay the interest on the debt.
Which can still be done with incoming revenue.
And Yellen knows it.
That is what she means but what is actually needed is good faith negotiations, something that the Dems are incapable of. Ever since “I won” was involved in the process they don’t think they should have to negotiate.
The first change is to not spend more than you earn.
That would mean that the central bankers would not earn as much interest on the debt, and the people of the country would not be slaves to the banking system that loans money to the government.
In Minnesota, we had a budget surplus of billions and yet we raised taxes. It is not good to allow the thralls to think they will ever be out of debt.
There are more slaves now, then there have ever been, but the chains are less visible.
The United States should take over the production of its money supply, and no leave it to the banks.
The Democrats need to tell their children and grandchildren what the debt and carrying costs will do to them.
“China for a day”
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