Archive for January, 2013

The 14th Amendment, the Debt Ceiling,and the Trillion Dollar Coin all walk into a bar….

Yes, it DOES sound like a joke, but it’s not.
As you know, we just got finished with a standoff over the Congressionally-created crisis known as the “financial cliff,” and now, we have to deal with the impending need to raise the debt ceiling in a few weeks. There have been two particularly interesting ideas put forth to allow President Obama to bypass Congress: The 14th Amendment and a trillion (yes!) dollar coin. We discussed this in class today, but here are the links for you to peruse.

So here’s a link to the discussion on the use of the 14th Amendment to unilaterally allow the president to raise the debt ceiling: http://www.boston.com/news/politics/articles/2011/07/31/possible_legal_loophole_would_be_risky_for_obama/

and here: http://www.nytimes.com/2011/07/25/us/politics/25legal.html?_r=0

Then there’s the discussion of the Trillion Dollar platinum coin:
http://money.cnn.com/2013/01/09/news/economy/platinum-coin-debt-ceiling/

This has been suggested by people such as President Clinton and Paul Krugman, who is the owner of a Nobel Prize in economics (as well as being a liberal columnist)’ Here’s Krugman’s take: http://krugman.blogs.nytimes.com/2013/01/07/be-ready-to-mint-that-coin/

All this, instead of just negotiating a compromise. Sigh.

General Norman Schwarzkopf, Commander of the Persian Gulf War, 1931-2012

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America lost a great patriot and military tactician when General Norman Schwarzkopf passed away on December 27.

Norman-SchwarzkopfKnown as “Stormin’ Norman,” he was one of the most public faces of the multinational war fought to drive Iraq out of Kuwait in 1991. Schwarzkopf, along with General Colin Powell (see picture to the right– Powell was later secretary of state under George W. Bush) who was Gen. Schwarzkopf’s commander as chairman of the Joint Chiefs of Staff, was launched into the public eye as the man who created the 100- hour offensive that crushed the Iraqi hold on Kuwait and drove them back into their own territory.

Here is a good link, including video, from CNN.com:
http://www.cnn.com/2012/12/27/us/schwarzkopf-obit/index.html

He was a great hero, and a national treasure.

Gen. Norman Schwarzkopf 1934-2012 Desert Storm Commander