In response to:

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

true liberal Wrote: Dec 08, 2012 12:21 PM
Why do they platinum? Can't they do they same with wooden nickels except put 1 trillion on each nickel? What about steel or nickel or chromium or aluminum?
Charles SWVA Wrote: Dec 08, 2012 2:23 PM
What's wrong with notebook paper? I could do one of them on my home computer.

It is my contention that we can settle the debt by printing enough $1,000,000 bills to just buy up all outstanding debt. If you are a bank or China, the UK, Japan, etal send in your treasury bonds and we will pay you off in good ol' printed American money printed on valuable notebook paper.

Then we can print exactly enough to cover the yearly deficit. Viola, no more debt. (Viola is a girl I used to know, the French always misspell it.)

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