Economist Nathan Tankus joins the program to discuss the slow-motion disaster that is President Biden's handling of the recent debt ceiling crisis. The growing threat of a debt ceiling crisis calls for serious consideration of unilateral options by the White House to avoid an economic disaster. One prominent proposal suggests minting a trillion-dollar platinum coin and depositing it with the Federal Reserve, ensuring sufficient funds to pay the government's bills. While Treasury Secretary Janet Yellen has rejected this idea, citing the potential reluctance of the Fed to accept the coin, other options relying on the Federal Reserve's cooperation have emerged. These include issuing low face value, high coupon bonds or declaring the debt ceiling unconstitutional. The most straightforward option is the platinum coin, as it aligns with the Fed's basic responsibility of accepting deposits. The conversation around unilateral options has shifted focus to the Federal Reserve and Chair Jerome Powell, who has previously shown a willingness to take unconventional measures to avoid default. Powell's comments indicate that he would likely fulfill the Fed's legal responsibilities as a fiscal agent and support the Treasury Department in avoiding default. While there may be political blowback, the prospect of a federal default outweighs the potential risks. Thus, the White House should consider utilizing these alternative options if Republicans fail to pass a "clean" debt ceiling increase, as negotiation should not occur with hostage takers.
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https://www.youtube.com/watch?v=rWHwT1KIN74
Capitol Police Officer Caroline Edwards gave chilling testimony to the January 6th Committee Hearing. She described a war zone outside the Capitol Building as Trump supporters rushed in to attempt to overthrow the election results.
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This is from Thursday night's Jan 6 committee hearing. and you look at this footage and there were people out there who were claiming oh it was just a bunch of old people on tour. just a bunch of boomers in doing what. and I will say this that one of the things that we talked about early on was there were people there and now we know on some level it was the proud boys and oath keepers who had met had planned had worked this out who thought I mean the oath keepers had rapid response teams on the edge of the city who were gonna come in after essentially I don't know how else you describe it as the coup? now they may have been deluded as to what was gonna happen but this is what they thought. There was a significant number of people and I don't know what we know about back-channel communications. but listen to this in terms of the violence. But then we'll talk a little bit more about what the proud boys and the state of the mind of the people who were in there were doing. so I wasn't able to really see what was going on. for one second. This is a capital police officer talking about what happened to her. she got knocked unconscious. and then ended up going back and you know trying to prevent people from storming into the capitol. Here when I fell behind that line and saw I could just remember my breath catching in my throat because what I saw was just a war scene. it was something like I'd seen out in the movies. I couldn't believe my eyes. there were officers on the ground you know they were bleeding. they were throwing up. they were you know they had I mean i saw friends with blood all over their faces. I was slipping in people's blood. You know, I was catching people as they fell. I know I was. it was carnage. It was chaotic. I can't even describe what I saw. I never in my wildest dreams did I think that as a police officer or a law enforcement officer I would find myself in the middle of a battle.
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https://www.youtube.com/watch?v=nhATt_L7AT0
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https://www.youtube.com/watch?v=texSpakHD-8
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https://www.youtube.com/watch?v=oQzsGQCvnOE
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https://www.youtube.com/watch?v=ncY7J1W3eYE
Two of the 2020 Democratic primary candidates have veered away from the party into separate paths of grifting. Tulsi's path seems clear, but what is Andrew Yang doing, and could they join forces one day?
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Hi Sam, this is Jeff from Columbus. Jeff from Columbus what's on your mind, Jeff? not much. I was watching Andrew Yang there talk about his forward group. and I saw Tulsi on Fox news now and I wonder if they might reunite for a unite the grift tour. that would be something to watch. I don't know how many people would though. yes, not many. might be like Rubin's stadium tour with exactly the vacancies and the seats spilling seats. Exactly. it just seems there's just an ever-growing amount of people that have no direction whatsoever. no kind of Funk and they're trying to fake the fog to get elected. in this, it's just so obvious and so blatant. I mean I don't know what Andrew yang actually thinks he's doing. I really don't. I mean I know what tulsi's doing. Tulsi just realized in the same way that sort of like Sarah Palin did was that wait a second I can make some cash here. and why would I be in Congress? I mean I look you know being a congressperson has got to be very frustrating. and unless you really enjoy the power of being a congressperson which I would imagine for some people is just simply not enough in terms of their will to be sort of famous or celebrity. but I would imagine it's also somewhat frustrating if you have an actual agenda. and it's maybe only that agenda that keeps you in it. so I can understand like you know tulsi's saying like wait a second I could be and somebody probably said to her at one point is my guess somebody on Fox probably said to her like you could do this. you'd be good at this. and she'd be like I wouldn't know how to do that. and you go it's easy. the path for you is pretty easy. you leave Congress you do a podcast you do your own show for a little bit. We have you as a guest host. and that's it. I mean that is the trajectory it's not you know it's not that complicated if you're situated properly. and but for Yang like the only thing I can imagine with Yang is he's just actually you know is got his his head so far up his his his behind that he can't really tell like where the Horizon is. and I think the guy's got enough money. and I'm sure this opens up different networking opportunities. and maybe he thinks it sets him up for another run somewhere. I don't know where that would be frankly.
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https://www.youtube.com/watch?v=B_xgmOJnPBc
Google CEO Sundar Pichai was just asked the absolute dumbest questions ever by white nationalist Congressman Steve King. Sam Seder and the Majority Report crew discuss this.
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https://www.youtube.com/watch?v=p6XKeG95DbE
Ted Cruz sat down on Michael Knowles' program to let us all know he's still trying to ruin America. Sam Seder and the Majority Report crew discuss this.
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https://www.youtube.com/watch?v=dv37bSJW_3o
Trump Advisor Peter Navarro was handcuffed and arrested after defying January 6th congressional subpoena. The Majority Report crew discuss how Louie Gomer tries to defend Republicans who have lied to investigators. The MR crew talk about why they did not do the same with Mark Meadows or Dan Scavino.
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Thursday night, the January 6th committee is commencing with its prime time hearings, and in the run-up to that. And. I don't know why? The question is not why did they put handcuffs on Peter Navarros, the question is why didn't they put handcuffs on mark meadows or what's his face? Dan Scavino. Hopefully, there’ll be time, but there was a time that omg I got supremes by congress I have to go testify as opposed to … ahh you know whatever. Peter Navarro whom I do think is a lunatic decide that he was going to blow off a congressional subdue, Don't know where he was flying to, probably some right-wing conference. Is this outside the police department?
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https://www.youtube.com/watch?v=Fd6A7P5iXsk