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It's Come to This: GOP Rep Introduces Bill to Block Trillion Dollar Coin Scheme

Steve18 Wrote: Jan 08, 2013 5:15 PM
To buy a coin, what gives it value is if and how you can spend that coin..or sell it. Who will buy the coin? What will they pay with? Where will they be able to spend it? On what monetary scale will it be valued?..Chinese yuan, British pound sterling, Russian money..Mexican Pesos....what will they be worth?

I humbly proffer the ultimate companion piece to this morning's item, which quoted the President Obama expressing his irritation over John Boehner's incessant carping about some "government spending problem" the president is convinced doesn't really exist.  Ladies and gentlemen, it has indeed come to this:

Lawmakers are still positioning themselves for a debt ceiling fight in a few months, but one Republican congressman wants to snuff out a particular idea immediately: the U.S. Treasury minting $1 trillion platinum coins to avert a debt ceiling showdown. Rep. Greg Walden (R-Ore.) has introduced a bill to...