Penny for your thoughts

Ezra Klein at the WaPo has the definitive statement: Treasury: We won’t mint a platinum coin to sidestep the debt ceiling

And then James Fallows at The Atlantic gives us two sentences:

1) Raising the debt ceiling does not authorize one single penny in additional public spending.

2) For Congress to “decide whether” to raise the debt ceiling, for programs and tax rates it has already voted into law, makes exactly as much sense as it would for a family to “decide whether” to pay a credit-card bill for goods it has already bought.

So, I guess we are back to being held hostage by terrorists/GOP threatening to destroy the world economy unless we all agree to feed granny catfood.

Of course, this is another example of negotiating against yourself before the negotiations begin (having also ruled out the 14th Amendment option), so one can assume that anything that the Administration does end up giving away is something that they wanted to give away.

4 Responses to “Penny for your thoughts”

  1. Pissed in NYC:

    If poeple start saying out loud that Obama and the democrats are getting what they want instead of pretending that the republicans can actually stop the democrats from working around them, then, and only then, will things change. Hang this around their necks like a burning tire.

  2. Pissed in NYC:

    And I mean people at those other pretend liberal/progressive sites and pretend liberal media. Not here, which is, in my opinion, one of the few places on the internets where you can find very funny people wholly without guile. Thanks, Ten.

  3. Tengrain:

    Wow, Pissed! Thanks for saying that. (Clearly you got the better genes, Evil Twin…)

    Scissorheads are too smart to accept anything less than the unvarnished truth. The humor is just my way of dealing with the BS.

    Regards,

    TG

  4. jo6pac:

    feed granny/jo6pac catfood.

    Yep, good comments Pissed in NY