Politics
Politics
Out of context: Reply #18755
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- ukit20
Trillion-dollar coin idea, once thought joke, now under serious study.
”What if Washington’s next debt clash, widely expected to be as bitter as the “fiscal cliff” fight, could be resolved with the minting of a $1 trillion coin? That is the idea being pushed by a handful of policy wonks and columnists, and it has caught the attention of lawmakers even though it is an unlikely solution. Under the proposal, the U.S. Treasury would use an obscure commemorative-coin law to mint at least one platinum coin and deposit it at the Federal Reserve, giving the government breathing space as it bumps up against the $16.4 trillion borrowing limit.”
- Mr Burns is rubbing his hands together right now. Excellent.********
- If I recall Simpsons did something similar. Billion dollar bill for WWII aid... and Burns stole it.ETM
- Mr Burns is rubbing his hands together right now. Excellent.