Wednesday, February 17, 2010

Something in the South Carolina water?

What is it about South Carolina? They're always doing something crazy there. A philandering governor charges the state for his affair. A frat boy Congressman rudely interupts a presidential address. And their state house is apparently populated with idiots and kooks. Today's looneytune move has my jaw on the floor.
South Carolina will no longer recognize U.S. currency as legal tender, if State Rep. Mike Pitts has his way. Pitts, a fourth-term Republican from Laurens, introduced legislation earlier this month that would ban what he calls “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.

If the bill were to become law, South Carolina would no longer accept or use anything other than silver and gold coins as a form of payment for any debt, meaning paper money would be out in the Palmetto State.
Forget about the legality, think about the practical aspects of this idea. How does Mr. Pitts suggest they make the transition? I'm assuming most people don't have gold and silver bars stashed in their junk drawer. How are they going to pay their electric bill. Haul some gold coins down to local office? Can't send a check because checking systems run on federally insured paper. How do they make change at the convenience store? Meaning just how big is one dollar's worth of gold by weight? And think of the fun the out of state tourists will have at Myrtle Beach, trying to find an exchange kiosk for their US dollars, that aren't legal tender in the state.

In a way I hope they go through with it. Any state that would re-elect this fool four times, deserves to go under, as they surely would if this hare-brained scheme actually became law.

[More posts daily at The Detroit News]

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