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Joseph M. Firestone's picture

Paul Goes Platinum!

Another platinum coin surge in the Second Wave rippled through the mainstream media yesterday and this time hit the Congressional Progressive Caucus. Domenico Mantanaro of MSNBC kicked things off on one of the morning shows by mentioning the Trillion Dollar Coin (TDC) as a possible solution to the debt ceiling problem. 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

We're No. 24! We're No. 24!

We keep hearing bad news about where the US stands on various social and economic indicators. The US's ranking in math capability is 27th in the world. Our health care system is ranked 37th. Our 2011 life expectancy is 51st in the world. Our estimated 2012 infant mortality rate is 49th in the world. So we're pretty far down in a number of international statistical comparisons of performance. 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

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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