In response to:

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

Jeff2201 Wrote: Jan 13, 2013 4:49 PM
I seriously doubt you and I could be friends. You conveniently leave out the word Income in your quotation above, so you are distorting truth with your post. And are payroll taxes revenue for the general fund, or are they premium payments toward a defined benefit or entitlement. I believe all withholding should be outlawed. It was instituted as an emergency during WWII and perpetuated afterwards with dire consequences (an idea from Milton Friedman, which is his true legacy as far as I am concerned). No one should have access to a dollar anyone earns before they do themselves. It is easy to flush people like yourself out into the open because when you distill it down you simply do not believe in the Ten Commandments, just guidelines.

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...