Thursday, October 17, 2013

CRUZ | Dems Should Give Him an Award

Senator Ted Cruz (R-Texas)
I hereby nominate Senator Ted Cruz (R-Texas) for a Prize for Outstanding Service to the Democratic Party.

Surely he has done more for the Democrats than anyone else alive.
  • Would de Blasio be so far ahead of Lhota in New York City's mayoral race without Cruz?
  • Would Cory Booker have won his Senate spot so "handily" in New Jersey without Cruz?
  • Gallup shows unfavorable view of GOP at all-time high of 62%. It shows favorable view at an all-time low of 28%. We have to thank Ted Cruz.
You may ask: What about Speaker Newt Gingrich in 1995-96? Didn't he help the Democrats just as much by shutting down the government? It was longer then, 27 days (in two parts) vs. 16 days.

Trillion-Dollar Coin
But no. Gingrich only put in play Bill Clinton's budget. By adding in the debt ceiling Cruz has called into question Uncle Sam's constitutional obligation to pay U.S. debts.

Also, Gingrich did not cause such divisiveness in his own party, which should pay continuing dividends to the Democrats. Gallup shows hardly a blip in GOP favorability ratings during that period.

Cruz absolutely deserves the prize. I recommend the award be a facsimile of the Trillion Dollar Coin, which was considered as a way around the debt ceiling. The Treasury would mint it as permitted under FDR's gold legislation of 1933-34 as subsequently interpreted and amended, and the Fed would take it in as an asset, with a trillion-dollar liability to the Treasury per coin.