Dear Congress,
STOP playing "chicken" with the debt ceiling (and thus the global economy) and pass a clean bill to raise it so we don't default. Yesterday.
Seriously, KNOCK. IT. OFF.
Better yet, simply abolish the silly concept of the "debt ceiling" that NO other country in the world has. It serves NO useful purpose except as a political cudgel, which means it has NO useful purpose at all.
If not, the President would have no choice but to either 1) default on its debt obligations, which clearly flies in the face of the Constitution and would be utterly disastrous for the global economy, 2) invoke the 14th Amendment and simply ignore the debt ceiling, or 3) #MintTheCoin, that is, mint a trillion-dollar platinum coin so the government can still pay its bills. Actually, the latter option really wouldn't be a bad idea, come to think of it.
Sincerely,
Literally everyone with at least half a brain
No comments:
Post a Comment