Althouse: At the Sunrise Café...

September 28, 2021

At the Sunrise Café...

... you can write about whatever you want.

21 comments:

rhhardin said...: On the mention of how unlistenable two women's voices are Phoebe Maltz Bovy & Katie Herzog, compare two other leftists conversing, a man and a woman, Mark Blyth and Carrie Nordlund where the occasional male voice makes it all good.; 9/28/21, 7:42 PM
Lucien said...: Regarding the debt ceiling, can anyone articulate a rationale for why the government can’t create as much money as it wants to meet its obligations? (It would be inflationary does not equal “can’t”).; 9/28/21, 7:51 PM
Mutaman said...: "America’s Frontline Doctors, a right-wing group founded last year to promote pro-Trump doctors during the coronavirus pandemic, is working in tandem with a small network of health care companies to sow distrust in the Covid-19 vaccine, dupe tens of thousands of people into seeking ineffective treatments for the disease, and then sell consultations and millions of dollars’ worth of those medications. The data indicate patients spent at least $15 million — and potentially much more — on consultations and medications combined."

https://theintercept.com/2021/09/28/covid-telehealth-hydroxychloroquine-ivermectin-hacked/; 9/28/21, 8:13 PM
tim maguire said...: Lucien said... (It would be inflationary does not equal “can’t”).

Of course they CAN. They own a printing press, they can print as many dollars as they want. The concern is not that they are physically incapable of it, but that they might actually do it.; 9/28/21, 8:15 PM
rhhardin said...: You could balance the budget and avoid raising the debt ceiling.; 9/28/21, 8:17 PM
Hammond X. Gritzkofe said...: Before the 2020 general election
1. Biden will resign.
2. Harris will become President.
3. The $Gazillion giveaway package will become law. Because "We cannot allow the administration of the first female President to begin on a note of failure."; 9/28/21, 8:18 PM
Howard said...: Nice landscrapes.; 9/28/21, 8:20 PM
rhhardin said...: Glenn Loury strongly agrees with my opinion that Obama was always a piece of shit. (excerpt of bloggingheads to be released Friday); 9/28/21, 8:22 PM
gilbar said...: Lucien said...
Regarding the debt ceiling, can anyone articulate a rationale for why the government can’t create as much money as it wants to meet its obligations? (It would be inflationary does not equal “can’t”).

technically, it CAN, but it has to be coin. There was talk during the O'Bama admin about issuing One Trillion Dollar Coins.
I'm not sure (that is; don't remember) WHY it has to be coin... Probably was something about the fact the the Government doesn't issue paper (the Federal Reserve does); 9/28/21, 8:24 PM
Narr said...: Here's a conundrum. Can we (one) throw people under a wheel-less bus?; 9/28/21, 8:32 PM
walter said...: When does Joementia get to sniff Niki Minaj's hair?; 9/28/21, 9:38 PM
Big Mike said...: @walter, never — Nicki is already too old for his taste. However she has a younger half sister named Ming who is understood by fans to be a teenager.; 9/29/21, 2:42 AM
Narayanan said...: Lucien said...
Regarding the debt ceiling, can anyone articulate a rationale for why the government can’t create as much money as it wants to meet its obligations? (It would be inflationary does not equal “can’t”).
------------
along these lines ...
there is no need for tax system + bureaucracy for collection etc.
since no need for any tax revenue.; 9/29/21, 5:34 AM
Jersey Fled said...: And why is he grabbing this woman's leg?

https://citizenfreepress.com/wp-content/uploads/2021/09/staged.jpg; 9/29/21, 7:17 AM
gilbar said...: fun facts!
Do you support a vaccine mandate? I'm asking You, you Racist PIG!!!

https://cnsnews.com/index.php/blog/megan-williams/blm-organizer-calls-vaccine-mandates-racist
“Seventy-two percent of black people in this city from ages 18 to 44 are unvaccinated," Newsome said during the protest. "So what is going to stop the Gestapo, I mean the NYPD, from rounding up black people, from snatching them off the train, off the bus?”
Newsome argued the citywide vaccine mandate is “targeting the black community and creating conditions akin to segregation,”

WHAT is with progressives (and Life Long Liberals) HATING Blacks? WHY are they such Racists?; 9/29/21, 7:29 AM
JZ said...: Thanks again for the early morning pictures.; 9/29/21, 7:38 AM
Lucien said...: @tim maguire & gilbar:

I think you're thinking to much about physical currency, not money; but in any event, if Treasury can create all it wants, it can never have to default on any payment. Someone would have to willfully choose not to pay a lawful obligation.; 9/29/21, 7:56 AM
Mike of Snoqualmie said...: Regarding the debt ceiling, can anyone articulate a rationale for why the government can’t create as much money as it wants to meet its obligations? (It would be inflationary does not equal “can’t”).

The problem is what the government thinks is its obligations. Big Government idiots think the government must pay for anything and everything so the serf, I mean subject, whoops, citizen doesn't have to worry its silly head of making ends meet. That's why college costs have soared, government loans inflate the demand for college, so the colleges naturally raise their prices because there's only a finite supply of seats in the colleges.

When the government issues debt, it has to pay interest on it. That interest bill is $378B for the 2021 FY. That's with very low interest rates. What happens if interest rates rise? Revenues that pay for interest can't be used for defense or law enforcement.; 9/29/21, 8:17 AM
madAsHell said...: Even my 95-year-old mother says.........Joe's going to be dispatched before the end of his term.

He's destroying the Democrat brand.; 9/29/21, 8:51 AM
gilbar said...: i try not to EVER think (it hurts my head : )

The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis in 2011, as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion-dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury.[1]

The concept of the trillion-dollar coin was reintroduced in March 2020 in the form of a congressional proposal by congresswoman Rashida Tlaib[2] during the shutdown caused by the COVID-19 pandemic in the United States. Tlaib sought to fund monthly $2,000 recurring stimulus payments until the end of the pandemic.[3]
The concept of striking a trillion-dollar coin that would generate one trillion dollars in seigniorage, which would be off-budget, or numismatic profit, which would be on-budget, and be transferred to the Treasury, is based on the authority granted by Section 31 U.S.C. § 5112 of the United States Code for the Treasury Department to "mint and issue platinum bullion coins" in any denominations the Secretary of the Treasury may choose. Thus, if the Treasury were to mint one-trillion dollar coins, it could deposit such coins at the Federal Reserve's Treasury account instead of issuing new debt.[5][6][7][8]; 9/29/21, 9:02 AM
gilbar said...: The upshot is:
CONGRESS can order the Government to create more money
The Executive Branch Can't create more, unless the Congress votes on it
(like they Didn't do yesterday); 9/29/21, 9:05 AM