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Trillion Dollar Coin Idea Dies Sudden Death

true liberal Wrote: Jan 13, 2013 8:57 AM
The Social Security debt bomb was planted by FDR. Everyone knew that the way it was constructed left a huge debt burden in the country's future. The problem is that SS gets such good press and marvels at how many people it has helped. The follow-ons like Medicare have also received great press with little mention of the collapse that is in the future. It is like serving a great hamburger and charging $1000. It was a tasty burger but not worth the price. The same is true with SS and other government programs. These were nice ideas but not worth the cost. It is time to push for privatization
para_dimz Wrote: Jan 13, 2013 9:37 AM
I've always read that many eligible recipients of SSC really shouldn't get it. Take illegal immigrans and prisoners, for example. Also, why is it OK to default on the debt owed seniors but not bondholders of U.S. sovereign debt? Isn't the provision being bandied the the Dems that the debts of the country shall not be questioned applicable to the debt to the SSC accounts?

At long last, a stupid, as well as illegal idea dies on the vine. Bloomberg reports
Treasury, Fed Oppose Using Platinum Coin to Avoid Debt Limit

The U.S. Treasury Department and Federal Reserve oppose the idea of minting platinum coins as a way to avoid the U.S. debt ceiling, according to a statement from Treasury...