You should only poll economists who understand that taxing capital gains at the same rate as labor is not a Bad Thing. My guess: those economists prefer the Coin.
What you prescribe is mostly irrelevant to the current situation. The debt that needs to be raised is for spending that Congress has authorized and Presidents past and present have signed into law. It's money that pretty much HAS to be spent if you want some semblance of a functioning, credible government.
The US can't NOT hit the debt ceiling unless we do something drastic like shutting the Pentagon / Social Security / Medicare / ... down completely AND auctioning off a huge portion of the Government's Gold / Land / ... literally in an overnight, fire-sale process so we can pay at least some bills while we are defaulting on everything else.
It would likely be a fun outcome ... if you were Xi Jinping, that is.
And even Xi would probably prefer to not see China's $1.1T of US Treasury holdings go up in smoke.
You should only poll economists who understand that taxing capital gains at the same rate as labor is not a Bad Thing. My guess: those economists prefer the Coin.
Coin, Coin, Coin!
Calvinball!
To quote James Bond in Road to Perdition, its all so fuckin hysterical.
Yeah honestly your comment from the other day primed the Calvinball reference. So thanks for that!
Oh my god. I humbly thank you.
What you prescribe is mostly irrelevant to the current situation. The debt that needs to be raised is for spending that Congress has authorized and Presidents past and present have signed into law. It's money that pretty much HAS to be spent if you want some semblance of a functioning, credible government.
The US can't NOT hit the debt ceiling unless we do something drastic like shutting the Pentagon / Social Security / Medicare / ... down completely AND auctioning off a huge portion of the Government's Gold / Land / ... literally in an overnight, fire-sale process so we can pay at least some bills while we are defaulting on everything else.
It would likely be a fun outcome ... if you were Xi Jinping, that is.
And even Xi would probably prefer to not see China's $1.1T of US Treasury holdings go up in smoke.