Beeler, Ramirez on coin tricks

posted at 2:41 pm on January 11, 2013 by Ed Morrissey

It’s a rare day when two of my favorite editorial cartoonists are of similar minds on a subject, and the results from both are well worth noting.  First, Michael Ramirez gives us an idea of the relative worth of the trillion-dollar coin proposal for Investors Business Daily.  As the common proverb instructs, don’t take any wooden … well, it’s not exactly a nickel, although it’s worth about as much.  What do we call this? The “trickel”?  After all, the Canadians have already taken the most accurate nickname for it … the Loonie:

Nate Beeler agrees with Ramirez, but goes a step further.  In his entry for the Columbus Dispatch, Beeler also provides a more truthful design for the Trillie, and also notes the other fantasy solutions to the debt crisis that Washington won’t try in a million years:

 

Unfortunately, fiscal responsibility has been a fantasy in Washington for decades, which is why we’re where we are now.  It’s a sad commentary that most of the debate has been about whether or not Barack Obama can mint a trillion-dollar coin than whether we can cut spending to match revenue.

Also, be sure to check out Ramirez’ terrific collection of his works: Everyone Has the Right to My Opinion, which covers the entire breadth of Ramirez’ career, and it gives fascinating look at political history.  Read my review here, and watch my interviews with Ramirez here and here.  And don’t forget to check out the entire Investors.com site, which has now incorporated all of the former IBD Editorials, while individual investors still exist.  Be sure to check out Nate’s blog for more of his excellent work, featured at the Columbus Dispatch.

 

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Pchoom…

heh, nice.

somewhatconcerned on January 11, 2013 at 2:44 PM

drone strikes on Congress?

…that’s an ATTACK WATCH, right there 4sh0

Jeddite on January 11, 2013 at 2:44 PM

I dearly love how they get bho’s ears and lips! Jewels daily on cartoons!
L

letget on January 11, 2013 at 2:47 PM

Worth about as much…as a Stanley nickel.

22044 on January 11, 2013 at 2:48 PM

Wait a few years.

You’re going to need one of those trillion dollar coins to buy a coke in a vending machine.

fogw on January 11, 2013 at 2:54 PM

Next member of the nomenklatura that talks about this coin bullshit needs to have a huge ACME anvil dropped on their head. ENOUGH. There’s real problems that need solving and this ‘coin’ BS isn’t getting it done.

rayra on January 11, 2013 at 2:56 PM

I think they are just teasing gopers with this story…

nathor on January 11, 2013 at 2:58 PM

OT via the right scoop:

Rand Paul 2016 a go.

http://www.therightscoop.com/so-apparently-rand-paul-is-running-for-president-in-2016/

can_con on January 11, 2013 at 2:58 PM

OT via the right scoop:

Rand Paul 2016 a go.

can_con on January 11, 2013 at 2:58 PM

There can only be one king, one dictator, one fuehrer.

2016 will be a most unfamiliar world.

fogw on January 11, 2013 at 3:02 PM

OT via the right scoop:

Rand Paul 2016 a go.

http://www.therightscoop.com/so-apparently-rand-paul-is-running-for-president-in-2016/

can_con on January 11, 2013 at 2:58 PM

yay!

nathor on January 11, 2013 at 3:03 PM

Too bad the Democrats aren’t as interested in controlling spending as they are for controlling guns.

Jack Slade on January 11, 2013 at 3:05 PM

OK, well perhaps Zero can eliminate the debt with an Executive Order… or maybe he can call upon Harry Reid and Pelosi to get Congress to deem it eliminated. How about minting up some gajillion dollar diamond coins so we have a surplus for decades to come. I mean, spending cuts are never going to work; everyone knows that. Besides those evil rich won’t pay their fair share. Hey, in stead of banning guns, how about if we banned money! Make it illegal to have or transfer – without money, the debt goes away, right?? That way not only is the debt eliminated but the evil rich won’t be rich anymore so we won’t have to wring our hands trying to get them to pay their fair share! Gee, this fiscal stuff isn’t so hard after all. Paul Krugman eat your heart out.

ghostwalker1 on January 11, 2013 at 3:06 PM

It’s no joke.

DarkCurrent on January 11, 2013 at 3:07 PM

This idiocy will drive the price of platinum up and make the population starve. What fools. The world is all turning into one big idiocy.

Schadenfreude on January 11, 2013 at 3:11 PM

Oh, what passes for our politicians are a joke, alright. They’re just not funny. Or sane.

ghostwalker1 on January 11, 2013 at 3:12 PM

There talk up here of a 5 buck coin next. Loonies, toonies and foonies!

can_con on January 11, 2013 at 3:13 PM

OT via the right scoop:

Rand Paul 2016 a go.

http://www.therightscoop.com/so-apparently-rand-paul-is-running-for-president-in-2016/

can_con on January 11, 2013 at 2:58 PM

D@mn it!!! If only it wasn’t too late! 2012 was the last chance for the USA as a whole, we hit the tipping point with the welfare class.

Now if some fine day he were elected first President of the Conservative States of America, I’d be singing in the streets for sheer joy! But I can’t count those chickens just yet.

MelonCollie on January 11, 2013 at 3:15 PM

I still say it’s stupid to make it a $1 trillion dollar coin for the reason that if you’re going to go down this road of stupidity, might as well make it worth infinity. I mean, come on, it’s all fiat currency anyhow.

Okay, okay, so that’s a bit too hyperbolic. Why not just mint a $20 trillion dollar coin that way the government can ask for change back…? We once had $20 gold coins…

Logus on January 11, 2013 at 3:17 PM

Wait a few years.

You’re going to need one of those trillion dollar coins to buy a coke in a vending machine.

fogw on January 11, 2013 at 2:54 PM

Make that next year.

Then, the next month you’d need a $20 trillion dollar coin to buy that same coke.

Oh American politicians; Why Mar a good thing??

Logus on January 11, 2013 at 3:20 PM

Just wait until the INTEREST payments on the national debt exceed tax income.

Maybe then the libs will wake up. Maybe.

I’m sure The Chosen One would simply advise to print more money. It worked so well for Zimbabwe.

GarandFan on January 11, 2013 at 3:21 PM

$5 doesn’t even buy $2 now.

docflash on January 11, 2013 at 3:26 PM

Wait a few years.

You’re going to need one of those trillion dollar coins to buy a coke in a vending machine.

fogw on January 11, 2013 at 2:54 PM

You really thin such unhealthy luxuries will be allowed when they get through taking those guns away?

Don L on January 11, 2013 at 3:31 PM

Based on my review of an extensive record of evidence, neither the Paul Krugman nor the NY Times are credible sources about much of anything (with the possible exception of sports scores and standings).

But ultimately, they fail to ask the real question …
Why not a quadrillion, quintillion or (Bill Clinton’s favorite) sextillion dollar coin ?

Why so short-sighted ?

J_Crater on January 11, 2013 at 3:41 PM

Guns are a big cover up for Obama’s failure on jobs, the economy and the land’s big problems.

Obama is busy destroying his enemies, the American people.

Schadenfreude on January 11, 2013 at 4:05 PM

I ask this question every time this comes up: Why does it need to be a trillion dollar coin? Why not just print one trillion extra one dollar bills (which the treasury can do, no?) and put those into the treasury “lockbox.”? Is the coin thing fashionable because it’s “tricky”?

jdp629 on January 11, 2013 at 4:05 PM

I ask this question every time this comes up: Why does it need to be a trillion dollar coin? Why not just print one trillion extra one dollar bills (which the treasury can do, no?) and put those into the treasury “lockbox.”? Is the coin thing fashionable because it’s “tricky”?

jdp629 on January 11, 2013 at 4:05 PM

I believe it’s because the Federal Reserve is limited by law to how much paper money it can print.
It may be the same for gold and silver coins.

The platinum coin is a loophole noose.

MichaelGabriel on January 11, 2013 at 5:17 PM

I ask this question every time this comes up: Why does it need to be a trillion dollar coin? Why not just print one trillion extra one dollar bills (which the treasury can do, no?) and put those into the treasury “lockbox.”? Is the coin thing fashionable because it’s “tricky”?

jdp629 on January 11, 2013 at 4:05 PM

Probably because it costs too much…and we can’t afford it. Paper and ink ain’t cheap these days. Or the storage fees at a U-store-it place (which would be adequate, since it’d be essentially worthless) would be too high.

Solaratov on January 11, 2013 at 5:47 PM

Beeler broke the “suspension of disbelief” rule when he included a picture of the President holding a large object called a “federal budget”.

No one actually believes that those exist any more. So that’s a bridge too far, friend.

VekTor on January 11, 2013 at 6:03 PM

I ask this question every time this comes up: Why does it need to be a trillion dollar coin? Why not just print one trillion extra one dollar bills (which the treasury can do, no?) and put those into the treasury “lockbox.”? Is the coin thing fashionable because it’s “tricky”?

jdp629 on January 11, 2013 at 4:05 PM

There are actually statutes which legally restrict the amount of paper currency. They talk about the platinum coin option because the wording of the existing laws already on the books allows it to take place, in any amount / denomination.

That gives them the opportunity to act without technically violating the existing set of laws as written, and without first having to successfully pass something through the House.

VekTor on January 11, 2013 at 6:06 PM

Funny stuff!

When talk of the trillion dollar coin first hit to news an astute employee asked me,
“How would it be possible to even cash a trillion dollar coin?

I replied, “Easy, all you’d have to do is spend it on one very expensive item and tell seller to keep the change.”

By now it should be obvious to even the the dumbest dem-tard that Obama know nothing about everything!

kregg on January 11, 2013 at 7:02 PM

The “trillion dollar coin”. This is the apex of conceit. With real problems in the budgeting and spending by Congress with the economy and trade no where near acceptable. They talk of the trillion dollar coin and are not joking. Let them strike the first coin, Let them eat cake and then off with their heads. The guillotine still works.

jpcpt03 on January 12, 2013 at 9:49 AM

More bad news:

The administration has officially responded to the petition posted on the WH website, and signed by over 30,000 Americans, demanding that the administration begin construction of a Death Star by 2016.

The administration cites the estimated $850 quadrillion cost as one reason for denial of the petition.

Once again, defense spending seems to be the only area where the administration believes spending should be tightened.

And anyway, what do they take us for, idiots?

Just mint an $850 quadrillion coin…

LagunaDave on January 12, 2013 at 10:37 AM