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Keyword: platinumcon

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

    12/08/2012 10:32:31 AM PST · by SeekAndFind · 162 replies
    Townhall ^ | 12/08/2012 | Guy Benson
    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 to borrow enough money...