You may remember Damon Linker from since Centrist* Comedy Classics as “we must burn down reproductive freedom in order to save it.” Today, he’s back with assertions that Matthew Yglesias and Paul Krugman are nutty leftists:
Given that both authors recently endorsed the manifestly absurd idea that the president could pay down a chunk of the nation’s debt by instructing the Treasury Department to mint a trillion-dollar platinum coin, I’m not so sure.
Whoa, whoa, whoa. Is Linker arguing — in the course of all but calling Paul Krugman an idiot! — that the point of the platinum coin was to permanently pay off a part of the national debt, as opposed to increasing the money supply so that the United States wouldn’t default on its immediate obligations? (Perhaps his research into the issue began and ended with the Daily Show.) Sadly, he goes on to remove all doubt:
Entitlements will need to be means-tested and spending slashed — for the seemingly obvious reason that revenue cannot be conjured out of thin air.
1)This has nothing to do with the platinum coin debate. Nothing. The coin was not being advocated to address the long-term national debt. 2)The (undefended) idea that absolutely the only possible option in American politics is to slash entitlement spending — how fresh! (Does he invoke “means-testing” although the savings would be negligible? Of course!) For another of his errors, see here.
*”Centrist,” of course, in the “No Labels” sense of “people of all ideologies and partisan identities should come together and concede that the 20th most conservative Republican senator is right about everything.”