Joined: 12/31/69
If Republicans refuse to raise the debt ceiling, there is another way. The Treasury Secretary is authorized by our constitution to, any time he wishes and for any reason, mint Platinum Coins in any denomination he chooses. So if the R's shut down the government...
"Geithner can have the Mint create a $1 trillion coin. Then he can walk it over to the Federal Reserve and deposit it in the Treasury’s account. Then the government can keep sending out the checks—to soldiers and military contractors, to Social Security recipients and doctors who treat Medicare patients, to poor families getting SNAP and to FBI agents—it’s required by law to send—and the checks will clear. It’s a simple, elegant solution.'
The only problem would be that Mr. Burns would no doubt try to steal it (as he did the Trillion Dollar Bill in a memorable Simpson's episode) but I find this idea irresistible- especially if you put REAGAN on it as a tribute to the man who busted the budget in ways no previous or subsequent President could ever imagine!
Let's do it!
I say he just mints a 16 trillion coin and wipes out the deficit.
"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."
That's part of the 14th Amendment.
This is such a ridiculous solution and I hope it happens.
Broadway Legend Joined: 12/31/69
I hope they mint mints!
Broadway Legend Joined: 12/31/69
Uh oh. This thread will now be deleted. Like geese, missing Margo and other things that change by the moment, that is the Mint that dare not speak its name.
Let us not forget Carol the Deer.
Broadway Legend Joined: 12/31/69
I wonder if we could somehow move the Les Mis Movie into that category?
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