In response to:

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

nodeamass Wrote: Dec 08, 2012 6:39 PM

"“In plain English,” says Dr. Wolff, “the last 50 years saw a massive shift of the burden of federal taxation from business to individuals and from rich individuals to everyone else.” Involved have been “class war policies” in a “war that victimized the vast majority of working Americans.” And “today, business and the rich are waging class war yet again to avoid even a small, modest reverse in the huge tax cuts they won in that war over the last half-century.”

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

psydoc Wrote: Dec 08, 2012 6:45 PM

"In plain English", Dr. Wolff is totally incorrect.

Flag as Offensive

Post Comment

Read Full Story

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