Congressman blocks trillion-dollar coin idea
Oregon Republican Congressman Greg Walden has introduced a bill outlawing trillion-dollar debt-paying platinum coins.
This final note today, about the numismatics of the debt ceiling crisis that's gonna be upon us as soon as the Treasury Department runs out of money mid-February or early March sometime.
We told you Friday about the trillion-dollar platinum coin, a semi-tongue-in-cheek drive to get the Treasury Secretary to mint just a single coin, made of platinum, decide that it's worth a trillion dollars and then use it to backstop all our debt.
Well, it was a good idea while it lasted. Oregon Republican Congressman Greg Walden has introduced a bill outlawing trillion-dollar debt-paying platinum coins.
Absurd and dangerous, he called the idea. No real appreciation for tongue-in-cheek, either, I guess.