◼ Forget about the government minting a $1 trillion coin to solve its debt-limit crisis. - US News & World Report
Treasury Department spokesman Anthony Coley said Saturday that neither his department nor the Federal Reserve believes the law can or should be used to produce such a coin to avoid a coming battle with Congress over government borrowing.
Some of President Barack Obama's liberal allies have been promoting the coin strategy.
◼ THE TRILLION-DOLLAR PLATINUM COIN: THE DEMOCRATS’ “NEW NUCLEAR OPTION” - NRCC
...NRCC Communications Director Andrea Bozek said today that our country doesn’t need higher taxes or platinum coins, but simply to acknowledge that Washington has a serious spending problem.
“Washington Democrats believe our country’s fiscal mess can be saved by minting magic coins,” said NRCC Communications Director Andrea Bozek. “They are bankrupting our country. It’s time for liberals to tell President Obama and Nancy Pelosi that spending is the problem.”
