[cba123]

For crying out loud.

Insane.

[cba123]

https://news.yahoo.com/biden-administration-could-sidestep-mcconnells-101500632.html

[irishjuggler]

If this is kosher, why stop at a trillion? How ‘bout a quattuorvigintillion-dollar coin?

[Drago]

See also: https://freerepublic.com/focus/f-news/3996448/posts

Call the new $1 Trillion coin “The Amero”!! ;-)

https://www.thebalance.com/the-amero-conspiracy-1345011

[campaignPete R-CT]

Inflationary

Of course, the fed can increase the money supply and use it to buy back and retire debt.

Avoids insolvency, but inflationary

[MCF]

Why use platinum? Just make it out of wood. Spray paint it gold, silver, or even mauve. It would be comforting to know that a good chunk of those paper bills in your wallet or purse are backed up by that.

[PghBaldy]

This is not the first time the media has pushed this. A few years ago (?) it was suggested.

[Bobalu]

I would not be all that shocked if they did this...

We really are living in clown world now...

“I can’t be out of money, look right here! I still have unused checks in my purse”

[BiglyCommentary]

DON’T DO IT! I have a 100 trillion Zimbabwe note I will donate to the US Treasury.

[jughandle]

This was obamas idea, wasn’t it?

[Vermont Lt]

We need the “Not this stuff again” picture.

[Secret Agent Man]

it is insane.

If they can do this, why not mint a hundred thousand trillion dollar platinum coins?

Why so stingy Joe?

/sarc for the literals amongst us

[Sooth2222]

The US still hasn't paid off the debt from the Civil War (the first one).

The problem isn't McConnell, the problem is the crazy spending and resulting inflation. The people who are going to be paying for it are people who spend much of their income on food, gasoline and housing - NOT Jeff Bezos, Bill Gates and Elon Musk.

[PIF]

Make it out of U-238 it would be much smaller and no one would want to seal it.

[Petrosius]

Congress can pass budgets that direct the government to spend a fixed amount of money across its departments and programs, and sets tax rates at particular levels to fund some of it. The gap between Congressionally mandated spending and Congressionally mandated revenues then needs to be paid for by borrowing money.

Has anyone thought of lowering spending to match income. This is what I have to do.

[Flying Circus]

Legally they could just mint $1T coins to pay off debts. But do that for very long and food will be priced in the $1000s.

[Georgia Girl 2]

What else is new? Every dollar created by the Federal Reserve is made out of thin air. This is not shocking. We are bankrupt folks. Raise your hand if you think we are going to pay off the national debt of $30 trillion. What’s another trillion?

[DoodleDawg]

This insane idea has been floated for a couple of years now. It’s not going to happen.

[clearcarbon]

"The Biden administration could sidestep McConnell's refusal to pay America's bills by minting a $1 trillion platinum coin"

That's exactly the coin I'd expect biden to try to throw across the Potomac River.