The Trillion-Dollar Coin: Absurdly Right Or Just Absurd?
Posted on January 9, 2013 in Videos
In an effort to curtail yet another DC shit show in February (re: once routine debt ceiling lifts now left in the hands of a recalcitrant GOP-led Congress whose idea of fiscal responsibility starts and stops at complete economic collapse), some speculate that the treasury might just print a one trillion dollar platinum coin to pay its bills. Your thoughts?
All absurd remedies surrounding this issue are derived from the absurd debt ceiling legislation which allows the House of Representives to unconstitionally default on its accrued debt. The14th amendment is quite clear on this issue.