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Insane: Liberals Contemplate $1 Trillion Platinum Coin to "Solve" Debt Limit Issue

Boilermaker Wrote: Dec 08, 2012 12:20 PM
That this is even being considered is a harbinger of a government rapidly approaching a complete meltdown and eventual collapse. Truth has been turned upside down; what is wrong is now right and what is right is now wrong. Get ready for mayhem...
AmericanLiberal Wrote: Dec 08, 2012 12:21 PM
When it comes to economics, you losers don't know right from wrong if your life depended on it.
aceofwands Wrote: Dec 08, 2012 12:27 PM
A better idea would be to abolish all of those Lib feel good programs and Fed agencies you created and get back to the Constitutional required spending. Cutting the Fed Gov by 65% would go a long way to solvency...OH!...but that would deprive libs of their "bribes for votes" scheme they have created.
rman859 Wrote: Dec 08, 2012 12:28 PM
So borrowing 46 cents for every dollar spent is a good thing to liberals?
libslayer Wrote: Dec 08, 2012 12:57 PM
Ok bud of Barry, educate us.
Tell us why this is a great idea!

For most liberals, liberalism is intellectualism for those who don't want to do the actual work of becoming intellectuals. It's a way for ignorant people to seem smart among their ignorant friends.

That would include you, American Liberal.

Welcome to Zimbabwe.  This is not a parody -- it is an actual report from the Washington Post:
 

Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able...

Related Tags: Debt Limit Inflation