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Calls for the creation of a trillion-dollar platinum coin to help the United States avoid defaulting on the national debt have resurfaced as the latest debt ceiling battle starts on Capitol Hill.

Treasury Secretary Janet Yellen notified House Speaker Kevin McCarthy (R-CA) and other lawmakers in a letter that the debt ceiling, an arbitrary cap on the national debt established by Congress, crossed the statutory limit of nearly $31.4 trillion as of Thursday. As House Republicans and the Biden administration launch negotiations to determine potential budget cuts, some Left-wing economists reintroduced calls to mint a trillion-dollar coin to resolve the debt crisis.-
[dailywire.com]

SpikeTalon 10 Jan 23
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4 comments

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0

Time to grow a pair, McK. Shutdown. No increase unless the debt relief bill provides a LAW (not a recommendation or resolution) about an annual budget.
Shut it all down.

Wonder if the world will notice.

0

That’s going to be a heavy coin.

1

Weimar Germany tried to print their way out of debt and wound up with Hitler. Seems that's the goal here too.

1

Socialists answer to all monetary problems. Just print/mint more money!

Socialists never saw a functioning economy they couldn't wreck.

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