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

Deniser55 Wrote: Dec 09, 2012 11:33 PM
hey are looking for an escape hatch.........their own pensions are at risk......They have been taking all of our pensions for years......now it's their turn. Obamacare was pasted so they could keep their own health care. They have been taking ALL of the private sector pensions and health care and transferring to the public sector. Those private sector union workers are going to get screwed in the end, just like they screwed us.
Mike4166 Wrote: Dec 11, 2012 1:50 PM
Except, Denise, they've all been excluded, just like Congress.

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