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

Cuban Peete Wrote: Dec 08, 2012 12:43 PM

Exactly right. Money is a creation of the federal government. It starts and ends there. The government owns all the money, and it is up to the government to distribute it. We finally have a government which is responsive to this, and I have absolute faith that Obama and the modern democrats will ensure total fairness, create a level (fair) playing field, and punish the wealthy who have defiled the country with their greed. We must stand firm and united for these principles. Gobama!

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

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