Showing posts with label trillion dollar coin. Show all posts
Showing posts with label trillion dollar coin. Show all posts

Friday

Proposed Trillion Dollar Coin

RUMORS ARE RAMPANT AROUND WASHINGTON THAT OBAMA HAS FOUND A PATH AROUND CONGRESS AND THEREBY AVOID WHAT WOULD BE A NASTY FIGHT OVER RAISING THE NATIONAL DEBT.  THE SOLUTION IS QUITE SIMPLE:  OBAMA WOULD AUTHORIZE THE TREASURY TO COIN A TRILLION DOLLAR COIN AND THAT COIN WOULD THEN BE DEPOSITED WITH THE FEDERAL RESERVE.  WONDER IF THE COIN WOULD LOOK SOMETHING LIKE THE ONE SHOWN BELOW?