Posted on 01/04/2013 7:50:49 AM PST by shove_it
With President Obama having kicked off debt ceiling negotiations by vowing not to negotiate over the debt ceiling, a new option for paying off the nation's considerable tab is gaining momentum with cheeky fiscal and monetary wonks. It goes like this: Should Congress fail to extend the U.S. debt limit - reached again on Dec. 31 - the president could ask the Treasury to begin printing trillion dollar coins (in a process explained mostly seriously by Jim Pethokoukis on his American Enterprise Institute blog), a number of which could then be put toward fulfilling debt obligations in the event new legislation stalls in Congress...
(Excerpt) Read more at news.yahoo.com ...
No, we have gone way stupid if we don't recognize that the GOP?Democrats are not our friend.
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