Sometime in the next 24 hours we will be switching European Tribune over to a new layout. This will involve a little downtime and no doubt some teething troubles. Do not adjust your set. - Colman

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Some democrats have suggested that the trillion $ coin should have President Regan's likeness on one side, and GW Bush's on the other - in honor of the fact that Reagan tripled the National debt, and Dubya doubled it. The current GOP orthodoxy is that Obama is responsible for all of the debt.

However my preference would be to have Iraq on one side and Afghanistan on the other, to highlight the fact that those wars were never funded, and that wars have real costs in treasury as well as lives. Obama could go further and propose an Oil Company, Carbon, Tobin or gambling tax as a means of funding the Coin and eventually buying it back off the Fed and melting it down. Let those who benefited from the wars pay for them.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Thu Jan 10th, 2013 at 02:35:35 PM EST
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