Please explain to me how the government is going to get procure $1T worth of precious metals without raising the debt by $1T? The economics do now work out.
They aren't talking about using $1T of material for a $1T coin. They are talking about using maybe $170 dollars to make a $1T coin. The rest would be seignorage.
You are right - of course it does not work out. The proposal is to simply ignore the national debt. My contention is that if the government can simply wipe out the debt, why do we have to pay any taxes at all?
The coin proposal is a smokescreen on the part of the left. There is no reality here.
Either budgets mean something or not. Call them on it. Make a mockery of it.
Please sign and let others know about the petition!
Mountainlion - I think you’re missing the point. The trillion dollar coin idea is ridiculous. This points out its absurdity by taking it to the next level, while attacking the left’s tax message.
Obama’s AttackWatch site was supposed to be useful but it turned into a mockery as the right started using Alinsky tactics on it. The White House petition site is another attempt at showing the American people that O “cares”. Target it, immobilize it, and mock it.