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Good News: Treasury, Fed Both Rule Out Trillion Dollar Coin

Cal29 Wrote: Jan 12, 2013 9:49 PM
slant-eyed RANCE - also known as and calls himself- .........Ching-wah tsao duh liou mahng, RANCE is HONORABLE CHI-COM straight from Media Matters: Rance Ching-wah: Old Chinese Proverb: US Power mongers should stay away from sending their Muslim Brotherhood friends into actions against Egypt, Syria, and Libya without congressional approval.

The fact that high-level government officials even needed to address this issue at all should tell you how high over the shark American politics has jumped. But the Department of Treasury today did indeed comment on the "trillion dollar platinum coin" lunacy, and rejected the idea that the White House had seriously considered such a "solution" to the debt crisis. Ezra Klein at WaPo reports:

That’s the bottom line of the statement that Anthony Coley, a spokesman for the Treasury Department, gave me today. “Neither the Treasury Department nor the Federal Reserve believes that the law...