We live in a country where defaulting on the public debt is normal political brinksmanship, but withholding military spending is unthinkable.
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The Democrats could also kill the debt ceiling drama dead tonight by using the coin trick (the treasury has the legal power to mint platinum coins of arbitrary value). But the party, unlike their more creative opponents, appears incapable of *using* power while they have it.
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(For those unfamiliar with the coin trick, the Treasury can legally mint a platinum coin with a face value of $400,000,000,000,000, borrow against it, and that's your new "debt ceiling". The coin only has to be big enough to fit all the zeroes. Then you fight in court for years.)
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It does! The law was sloppily worded around platinum seignorage in particular, leaving this loophole. The coin is not free money, but an accounting trick that would nix the annual debt ceiling drama. The main objection (pre-Trump) was that it's ridiculoushttps://twitter.com/jogehrs/status/1440687334370861066 …
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Pretty tired of seeing the Democratic party still humbly ask the referees for rulings when we've been playing Calvinball for years.
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If you need to pass a giant kitchen sink bill with your entire policy agenda, why not put the Pentagon budget in it?
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They are still traumatized for being called soft on terror.
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And communism.
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Well if the whole party was committed to this they could just kill the filibuster and do what they want. The problem is their internal conflict and no faction can torpedo an agenda that is generally supported by full Congress.
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This would give the House a weapon against the filibuster, though. My broader point (not wedded to this plan) is to use available leverage instead of wasting so much time.
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