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Pinboard

@Pinboard

Do not attempt to compete with Pinboard. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Boulevard of broken dreams
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    1. Pinboard‏ @Pinboard Sep 22

      If Democrats were committed to breaking Congressional deadlock they would hold the defense authorization bill, and not their own agenda, as a hostage. But it's going to sail through Congress like it always does.

      3 replies 37 retweets 133 likes
      Show this thread
    2. Pinboard‏ @Pinboard Sep 22

      We live in a country where defaulting on the public debt is normal political brinksmanship, but withholding military spending is unthinkable.

      2 replies 48 retweets 134 likes
      Show this thread
    3. Pinboard‏ @Pinboard Sep 22

      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.

      1 reply 9 retweets 63 likes
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    4. Pinboard‏ @Pinboard Sep 22

      (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.)

      4 replies 9 retweets 46 likes
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    5. Pinboard‏ @Pinboard Sep 22

      Pinboard Retweeted Johannes Gehrs  🌐

      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 …

      Pinboard added,

      Johannes Gehrs  🌐 @jogehrs
      Replying to @Pinboard
      Does it HAVE to be platinum?
      2 replies 4 retweets 35 likes
      Show this thread
      Pinboard‏ @Pinboard Sep 22

      Pretty tired of seeing the Democratic party still humbly ask the referees for rulings when we've been playing Calvinball for years.

      7:48 AM - 22 Sep 2021
      • 29 Retweets
      • 117 Likes
      • Shad Sterling Lari Elovainio John B. Kyle 🏳️‍🌈 Scott M. Ferris Paul Manem Logan Rockmore long-ass bitch danfnz
      2 replies 29 retweets 117 likes
        1. Pinboard‏ @Pinboard Sep 22

          If you need to pass a giant kitchen sink bill with your entire policy agenda, why not put the Pentagon budget in it?

          1 reply 3 retweets 22 likes
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        1. PG&E delenda est‏ @xarph Sep 22
          Replying to @Pinboard

          More like whose line is it anyway

          0 replies 0 retweets 1 like
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