coin seigniorage


Joseph M. Firestone's picture

"We" Don't Owe $16 Trillion; and You Don't Owe $50,000

A few days ago, I saw John Sununu, one of the Republicans favorite Bushie junk yard attack dogs all up in arms about the debt subject to the limit (the so-called national debt) reaching $16 Trillion dollars, and going on to tell people that every man, woman, and child in the United States now owes $50,000 to pay that debt off. Now, I'm here to tell you that all that is bull shit. more »

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Joseph M. Firestone's picture

The $60 Trillion Petition for Taking Austerity Off The Table

I have a petition to President Obama up at: http://signon.org/sign/end-austerity-mint-the It's about minting that $60 T coin and ending austerity. The wording of the petition is:

”A 1996 law gives the Executive Authority to mint coins w/arbitrarily large face values and deposit them at the Fed. more »

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Joseph M. Firestone's picture

Beyond Debt/Deficit Politics: The $60 Trillion Plan

Well, here we are again, House leaders have agreed on a compromise continuing spending resolution at the same level as before from October 2012 through January 2013. more »

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Joseph M. Firestone's picture

Bernie: YOU Stop Caving to Peterson/Obama/#supercommittee

Dear Bernie,

Today, you told the “Democrats stop caving in . . . ” to the interests of corporations, the tea party, wealthy individuals, and the Republicans in Congress. The only problem with your fiery statement is that you began it by “caving in” to them yourself. more »

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Joseph M. Firestone's picture

What If a Debt Limit Extension is Voted Down?

(Thanks to DailyKos commenter 2laneIA for suggesting this post and the title)

It's only a few days now until August 2nd. Perhaps a compromise on lifting the debt ceiling will be reached before then. Perhaps none will be reached. Perhaps the President will veto a compromise if it doesn't extend the ceiling sufficiently to support deficit spending until after the 2012 elections. more »

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Joseph M. Firestone's picture

The President's Address on the Debt Ceiling: An Exercise in Fantasy

Many people have been, deservedly, very quick to jump on John Boehner for the lies he told in answering the President's Address; but they have been a lot less anxious to lay out the lies or at least falsehoods told or implied by the President, himself. I don't intend to excuse the Speaker's lies or the Speaker, by showing that the President doesn't have clean hands. more »

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Joseph M. Firestone's picture

What's Wrong With You? An Open Letter to Congressional Dems & the President

Dear Dems and Mr. President,

I've been a lifelong Democrat. But now, I don't know anymore. I'm still registered alright; but when I look at your behavior, I think I'm a freely floating voter resource now, and I'd probably respond to a poll as one in that amorphous blob of independents that stands for “the two parties suck; but we don't agree on much else.” I'm sorry about that. more »

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Joseph M. Firestone's picture

Beyond the Debt Ceiling: A $30 Trillion Plan for Ending the National Debt

Congress provided the authority

, in legislation passed in 1996, for the US Mint to create platinum bullion or proof platinum coins with arbitrary fiat face value having no relationship to the value of the platinum used in these coins. These coins are legal tender. more »

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Joseph M. Firestone's picture

President Obama: Stop Breaking the Law; Use Coin Seigniorage

Yesterday, The United States actually ran over the debt ceiling of $14.294 Trillion by $50 Billion or so, which means that the Treasury has issued $52 Billion more in debt instruments than is allowed by Congress's debt ceiling, which, in turn, means that the cu more »

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Joseph M. Firestone's picture

Bernie Says: “. . . We're Tired of Bullying . . .”

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