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Greg Walden's bill bans minting $1T coin
politico ^ | 1/7/13 | BOBBY CERVANTES

Posted on 01/07/2013 2:24:27 PM PST by ColdOne

Lawmakers are still positioning themselves for a debt ceiling fight in a few months, but one Republican congressman wants to snuff out a particular idea immediately: the U.S. Treasury minting $1 trillion platinum coins to avert a debt ceiling showdown.

Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama from minting the coins.

“This scheme to mint trillion dollar platinum coins is absurd and dangerous, and would be laughable if the proponents weren’t so serious about it as a solution,

(Excerpt) Read more at politico.com ...


TOPICS: Business/Economy; Government
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To: ColdOne

This trillion dollar coin idea seems like something straight out of Austin Powers and Dr. Evil.


21 posted on 01/07/2013 4:10:16 PM PST by castlegreyskull
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To: ColdOne

I want them to make them. Maybe some drunk dem politician will drop a few on the sidewalk and I’ll find them!


22 posted on 01/07/2013 4:48:06 PM PST by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: ColdOne

“Everything about socialism is sham and affectation.” - 23.11 Ch23 Evil; Economic Harmonies; Frederic Bastiat

DEPOPULATE socialists from the body politic. Psychopaths. Witness current events.


23 posted on 01/07/2013 6:36:13 PM PST by PGalt
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To: castlegreyskull
I was thinking Douglas Adams were he still alive. Something along the lines of what a planet that knew nothing about economics would do.
24 posted on 01/07/2013 6:41:39 PM PST by Hillarys Gate Cult (Liberals make unrealistic demands on reality and reality doesn't oblige them.)
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