They’re 100% right, the constitution does compel them to continue issuing debt to pay their bills.
But holy shit just mint the coin you can do that today and no one can stop you, why do a complicated argument that will face serious pushback and probably be stopped even though it’s technically correct?
Because its part of the Kabuki of politics. You need to run right up to the line screaming “They’re going to take your Social Security! They’re going to take your Medicare!!! We have to make a deal!!!” and see what shakes loose.
Minting the coin will just piss off Congressional staff who run around making back room deals to fund the next Dick Sucking Factory in Winatoba.
prediction: they announce that it’s being minted, and the most important political question in the country becomes whose face is going to be on it for the rest of the election cycle. Popular suggestions include Reagan (GOP), Bush (Dems), Jesus (Based Tradcaths), and Elon (Bluechecks). Ultimately the Biden administration goes with Socks the Cat.
We have the world’s biggest guns, what are the failing states of the capitalist world gonna do? Repo our military?
I asked this question in grade school. What if the federal government just didn’t pay some of its debts? I remember my teacher getting really upset.
If they mint the coin, wherever they end up storing it I hope someone has the foresight to set up a vending machine nearby that only accepts trillion dollar coins.
You want to mint the coin to avoid the debt ceiling.
I want to mint the coin because “shiny round metal pretty.”
We are not the same.
Why mint the coin? That’s easy. Where’s the challenge and the fun?
Instead Biden can try a highly complex and complicated (and unconstitutional?) legal avenue that the GOP justices could surely kill in a day leading to a catastrophic economic collapse and most likely a dem bloodbath in 2024?
It would be pretty funny if Biden’s vanity is literally more important than the economy and the future of the democratic party.
