In response to:

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

Charles SWVA Wrote: Jan 14, 2013 8:12 AM
Most people, including mathemeticians, just cannot mentally grasp how much a trillion of anything is. At the current price of around $1,650 per ounce the $1 Trillion coin would: Weigh 18,900 TONS. Be a 30.4 feet by 30.4 feet by 30.4 feet cube i.e. 28,209 cubic feet The gubmint, however, would produce a one-ounce platinum coin and stamp its value on the face as $1 Trillion. They may use lead since it approximates the color of platinum.

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...