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

patriot28 Wrote: Jan 13, 2013 2:35 AM
Conservatives/Republicans believe in SMALL government with strictly defined parameters and a system of checks and balances.....Liberals/Lefties/Democrats/NAZIS believe in ever growing governmental power. Does someone pay you to post here, or are you a idiot for free??

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...