This was obamas idea, wasn’t it?
“This was obamas idea, wasn’t it?”
From Wikipedia: “The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis in 2011, as a proposed way to bypass any necessity for the United States Congress to raise the country’s borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions.”
Apparently whenever the donkey party is having some problems convincing the GOP to be complicit in their degradation of the currency they figure they can drag out this stupid “supercoin” as some kind of talisman to move them along on their merry way to more fiscal stupidity.
No. The media raised it during the 2011 debt limit debate but it goes back to 1992 when fringe candidate Bo Gritz proposed it.