Political: Liberals propose minting trillion dollar coin to pay national debt
I'm not kidding. Led by a NY Democrat and backed by loonies like Paul Krugman, Liberal Democrats are seriously proposing that the United States Treasury mint one or more $1,000,000,000,000 coins in order to bypass Republican efforts to limit Democrat deficit spending.
The proposal uses a section of US law that permits the Treasury to mint legal tender coins for commemorative purposes.
These dingbats suggest minting a trillion dollar coin, depositing it back into the Treasury, and then 'pay the bills'.
That should do wonders for Fed policy.
by The Truth January 7, 2013 12:14 PM
Nothing like causing hyper inflation.
by capital4u January 7, 2013 12:27 PM
So the front of the coin should depict smoke and the rear should depict mirrors, right?
by splugy's ghost January 7, 2013 1:24 PM
Just as good as any other idea! Lol! The first suggested bill from crack-pot Bachmann's 113th Congress, to appeal the Healthcare law! LMAO!!!
by cspatmon January 7, 2013 1:48 PM
Yeah, Cspit. That bill to "appeal" the Healthcare law is ridiculous. Everybody knows that there is no "appeal" to that law.
Is that the best you could come up with?
by adelphos January 7, 2013 2:08 PM
Well all we need is a couple of them and the problems are all solved.
by RICHONE January 8, 2013 11:52 PM