As I’ve mentioned many times, I print emails that I do not agree with in all their particulars. I’m not a big industrial hemp activist, for instance. But this email really got to me, simply as an artifact, one of the shattered lives of the drug war …
Josh, I think I told you long ago that I an an ex-con, I got pulled out of college and sent to prison for two years in the early 70’s, for simple possession.
Mitch McConnell says President Obama’s effort to take the debt-ceiling off the table is part of the President’s secret plan to assume “unprecedented power” to spend taxpayer dollars to his heart’s content.
This morning at 10 AM eastern we’ll be hosting a Live Chat with Professor William Schabas, a Professor of international law at Middlesex University in London, at TPMPrime. The subject of the chat is the Israeli-Palestinian conflict and the implications of the UN vote to upgrade Palestine’s status to that of a non-member state. Get your questions in now and join us at 10 AM.
It seems crystal clear that Republicans will and know that they will concede the game on rates and try to reclaim power with a new debt ceiling hostage drama early next year. Having spent a few days in DC, it seems clear to me that absent a dramatic and preemptive climb down on the part of Congressional Republicans, this means we’re headed for the Mother of All Government Shutdowns.
Here’s why. Read More
I just posted an update on the new discussion forum software we’re building for TPMPrime. Stop by and give us your input.
If you have any doubt that Jim DeMint’s brand of path-of-destruction, everything is political, lose as many Senate seats as possible brand of conservatism will fit in at today’s Heritage Foundation, check out this video.
Emerging ‘Fire Boehner’ lobby getting love from Palin-esque resignee DeMint.
More on Asterisk Bonds from TPM Reader MM …
I think you’re exactly right. Any Treasuries auctioned during a time of dispute would have to be sold at some sort of discount. It’s one thing for the credit rating to take a hit. This would be about actually issuing disputed bonds. Bondholders might rightly reason that they have a legitimate claim but the beauty of Treasuries, as opposed to other sovereigns and corporate securities, is that investors do not have to worry about things like that, ever.