Friday, January 29, 2010

grading on a curve

Wow, no wonder they won't release his college transcripts.

6 comments:

Mike W. said...

Glad I'm not the only one who caught that.

Then again, does anyone think Obama's ever even read the Constitution?

ajdshootist said...

Of course he has never read it how would he a Kenyan relate to it.

Alan said...

If he's read it, it's only because he was looking for ways to get around it.

Old NFO said...

Agree wiht Alan... sigh...

jeffreyquick said...

That's the #1 bit of Constitutional illiteracy in the US population...and until we get past that, the 2nd and 10th Amendments are hopeless. I was reminded today that the states are forbidden to make anything besides gold and silver legal tender for debts... so why don't States start refusing federal reserve notes for state tax payments and insist on specie?

Geodkyt said...

Because while the States are forbidden to make anything aside from gold or silver legal tender for debts, Congress is not.

Federal seperation of powers and all that.

The idea was to prevent the States from printing worthless fiat money to finance their deficit spending, while diluting the spending power of the other States and the federal government.

After the fiscal fun and games that financed the Revolution, it was felt that Congress would make good on any temporary fiat money, but the States could never be trusted to -- nor could the other States and Congress afford to deal with the inevitable consequences of individual state fiat money.

Worked real well, huh?