One Coin, One Trillion Dollars, and One Big Set of Balls

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In an age where compromise is scarce, creativity and guts is worth their weight in platinum, the idea of using Trillion Dollar Coin from the US mint to allow the US Treasury to guarantee payment on the Nations Debt is just that. Anyone who says this coin is a ridicules option lives in a world of denial where the Debt Ceiling is not a ridicules process. These are also the same people that missed the first day of Economics class in college, where the professor explained that the modern world stopped using commodities as currency half a century ago. The same shitheads also made the following Fox News Graphic:

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If used by the Obama Administration this option would also deweaponize the the Debt Ceiling deadline which the House Republicans have used a leverage to force cuts in social programs like Social Security and Medicare. This is all in the name of lowering the National Deficit, which is no longer a problem according to one of the most credible economists in the world.

And if your one of the few intellectual people that think the trillion dollar coin idea sounds too simple to you, then there is a dumber idea. That is that the president can issue I.O.U. which will act like debt coupons but not count against the debt ceiling. This works because people have taken the simple act of counting money and replaced it with a complicated system called “Accounting”. (Accounting is when Gingotts goblins summon up new words for simple things in order to avoid doing things like paying taxes or defaulting on debt payments.)

The fact that people are actual coming up with these notions tells us one thing. The system of governance in this country is fucked. Knowing that republicans will demand spending cuts on already hamstrung social programs in order to raise the Debt Ceiling, and even then it will only happen in the 11th hour bringing the financial markets down the creek with them, there is no option but for the Executive Branch to act unilaterally.

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Dick Sharpe

Dick Sharpe is among that rare breed of men who crawled their way out of the gutter and in to the academic and political elite. Despite this accomplishment, Dick retains his sharpe wit and sense of low-brow humor that makes him such a great contributor to Step Aside Show Blog and Podcast. Although Dick is a wicked charmer, whose sexual exploits are still the talk of Yale, Columbia, and a small town in a northern border province of Iraq, he is also a domesticated man living with with two handsome yet annoying sons and his wicked hot but equally annoying wife in Seattle. Dick is an accomplished academic writer, an award-winning poet and a self-proclaimed wordsmith, a battle-tested Combat Officer of the US Army, as well as a world-renowned alcoholic. Working mostly in the public sector, Dick continues to use his unique set of skills to better the life of his fellow compatriots. Mr. Sharpe’s ideological beliefs are a bit at odds within themselves at times he is strong believer in social programs and liberal rights while at the same time a strong believer in neo-liberal economic policies and the power of the free market to shape the political landscape. Put simple Dick Sharpe is the kind of man men wish they could be, and women wish they can be with, but the truth is they can’t because there is only room enough for one Dick Sharpe in the World.