[DManA]

I honestly don’t know what to make of this story. Satire? Stupidly? WTH?

[Jonty30]

The only thing that will fix the federal finances is for Congress to live within its means. Everything else is just putting off the inevitable crash.

[jafojeffsurf]

Pull your money out of one pocket to pay the other, Yep that will work...

[E. Pluribus Unum]

The Magic Negro couldn’t do it, so maybe a Magic Denarius can.

[BenLurkin]

This is the end, beautiful friend
This is the end, my only friend, the end
Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end

[Psycho_Bunny]

“CNN Money”.

Lol

[JZoback]

——If Congress does not act to raise the debt ceiling, the U.S. will default on its debts-——

Fundamentally not true.... The government has a constant stream of revenue from taxes....

We just spend more than we take in...pay the debt first....then fund whatever programs are the most important...

Yea....I know it takes adults to actually make these tough decisions....

[DesertRhino]

Someone commented yesterday,,, freakin’ 3 year olds are now running our economy.

[dalereed]

It’s called treason!!!

Execute everyone at the Fed id they try it!

[Taxbilly]

If such a maneuver was possible and legal, I imagine the end result would be massive inflation. It would be devastating for the older people who are on fixed incomes.

[dynachrome]

Just like making the minimum wage $1,000,000 per year will end poverty.

[rockrr]

Liberalism is a (dangerous) mental disorder.

[Stosh]

At the very least they should put Robert Mugabe’s face on it.

[NEWwoman]

Seriously. I think I saw this on an episode of the Simpsons. Mr. Burns had a billion or trillion dollar bill and Fidel Castro stole it.
Anyone see that one?

[MarkL]

Just a simple question... If congress were to have 16 or so "trillion dollar" coins minted, stamped with "backed by the full faith & credit of the US government," just who would have any faith in the "credit" of a government that just erased all their current debt... This would be "quantitative easing" on a scale never seen before, and would completely debase the US currency. This is "wave a dead chicken over your head" stuff, and presto, no debt!

So of course, Nadler would be behind it.

Mark

[Age of Reason]

What if the threat of a voluntary default by the United States could be erased by simply turning one tiny scrap of platinum into a coin

Why waste money on platinum? Can't they use paper?

[SandRat]

Under the Rules of Distribution and according to the Grand Naggus of Ferrenga, Obamma it can. </ ridicule >

[Sooth2222]

A giant rubber coin might be more appropriate...

[ABQHispConservative]

Of course the coin can end our problems. As long as we find some idiot willing to believe that it is worth a trillion. That is the nature of fiat money.

[ctdonath2]

Currency just divides up the wealth of those holding that currency. Issuing more by fiat just rearranges the distribution, diminishing the holdings and imputing the variance to the new currency.

Total cash is somewhere around 3 trillion dollars. Issuing a trillion dollar coin serves only to devalue the aforementioned cash by 33% and teleport that value to the new coin’s holders. It may satisfy the letter of law and contract, but is no more than theft. Grand theft, unpunished (nay, facilitated) by law, leads us to violent retribution - let us not go there.