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Sat 8:50pm: White House nixes idea for trillion-dollar coin

January 12, 2013

WASHINGTON — The White House has ruled out minting a coin worth $1 trillion to pay the government's bills and avoid a nasty battle with Congress over the debt ceiling....

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(46)

Zenieth

Jan-12-13 9:39 PM

So the answer is? How are we ever going to repay the debt that we've amassed? Trillion dollar coin? Great, now the problem has turned into a big joke!

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MD1533USMC

Jan-12-13 10:11 PM

We elected the BiG Spender odumbo! Now we can change our National Language to Greek! No disrespect to my Greek friends!

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AFRET1

Jan-12-13 11:30 PM

Agree w/both of you. As for how will we repay the debt - zenieth, we won't, we can't. At some point Bernanke wll stop printing money, interest rates will skyrocket, and we will default on every penny we owe the World, esp China. And the administration has already said, (headed up and backed by Pelosi in Congress) that the Dems want to raise taxes as a part of the debt ceiling debacle. We're screwed. Big time.

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FairandEqual

Jan-13-13 7:28 AM

The fact that this "trillion dollar coin" idea was even brought up by the liberal big-spenders shows what an IDIOT we have running the country!

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unitedfortruth

Jan-13-13 8:38 AM

You gotta love watchimg this all play out ya know? If you can divorce yourself from the criminal politics and politicians, you can begin to see how much trouble they have us in.

To even consider mimtimg a trillion dollar coin is evidence of how much trouble we are in. lol!!!!

Ansolutely amazing times we live in. we are goimg to witness some of tje greatest defaults ever seen. just awesome.

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unitedfortruth

Jan-13-13 8:42 AM

This president is pure banker and corporate run. The only thing more trainable than a dog is a democrat. Lol

Democrats now support everything they claim to be against when bushista was king.....everything. Lol

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unitedfortruth

Jan-13-13 8:59 AM

Obammy has spent a ridiculous sum of money, more than all other presidents combined, and democrats are still talkimg like he is going to go thru the budget line by line and going cut the deficit in half like he promised. Lol! Obammy is wall streets dream guy! Lol rhe only thing this guy has cut is middle and lower class incomes! Lol

Hey, I gottsa plan, lets just make a platinum coin and call it worth a trillion dollars. L.mao! Genuis!!!!!

That coin would have to weigh about 125 tons! Brilliant!

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unitedfortruth

Jan-13-13 9:05 AM

Just to move that coin from the treasury to the federal reserve would take about 5 years and would take 30,000 men! L.mao

hey, wait a sec...its actually their new jobs creation plan!! BWAHAHAH

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unitedfortruth

Jan-13-13 9:07 AM

Just to move that coin from the treasury to the federal reserve would take about 5 years and would take 30,000 men! L.mao

hey, wait a sec...its actually their new jobs creation plan!! BWAHAHAH

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Dumocrate

Jan-13-13 9:28 AM

.Obumma distances himself from Congress by saying that they have racked up this debt, he had nothing to do with it. Hysterical.

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unitedfortruth

Jan-13-13 9:31 AM

The only good thing this president is doing is causimg americans to absolutely arm themselves to the teeth! And hes doing that by accident. Lol! Tjeir is no way the democrats will ever be able to enforce their gun ideas...ever.

we are so armed, the chinese could imvade us and americans could miss with 9 out of 10 shots and we would still demolish the entire chinese army. Lol

Every plan or idea obammy has had has been a complete failure. Makes me wonder if that has been the plan all along?

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joeisback

Jan-13-13 11:27 AM

L.MAO..."Hey Biden...wanna hit the Chinese penny arcarde wit dees trillion dolla coin I gots?" Obama axes...

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Ihateusblues

Jan-13-13 11:33 AM

I guess I can create a "coin" to pay down some of my debt.

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insider

Jan-13-13 11:36 AM

Why does it have to be platinum? Our current coins contain no precious metals and our paper money is backed only by the declining credit rating of the federal government!

Here's a better idea. Make Monopoly money legal tender. Everyone has a set in their closet to supply them with spending loot, and Monopoly money is cheaper to print than federal reserve notes .We can honor Barack Hussein Obama by substituting him for Rich Uncle Pennybags on the new currency. LOL

It'll be so appropriate because the debasement of our currency is just a game to our central government overlords.

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unitedfortruth

Jan-13-13 12:53 PM

We can print a trillion dollar bill! Put obammys face on it. Lol

An "IN OBAMMY WE TRUST" promisory note.

Oh yea!

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FamilyGuy

Jan-13-13 1:01 PM

That was the most ridiculous trial balloon ever floated by the big spenders.

You gotta believe that if that concept wasn't universally ridiculed that someone would have moved it forward in some form or another.

With people like that in decision making capacities, we Americans are so screwed.

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unitedfortruth

Jan-13-13 1:14 PM

Familyguy..wait till the debt ceilimg debate. Heres a preview...

Obammy: "fellow americans, the reason we are here todayin this mess is because of george bush. His wild spending and wars are to blame. We need to chamge course from george bush. So, today I am askimg comgress to lift the debt ceiling 6 trillion dollars and have asked for an additional 4 trillion to stimulate the banks and help the middle class. Im order to solve my predecessors mess, we need to cut what we can. So, ten trillion dollars will allow us to keep spending masively while we reverse bush policy. I have also asked for an additional 40,000 troops for the wars bush started that I am ending. Thank you...not my fault."

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unitedfortruth

Jan-13-13 1:19 PM

" Ummm, oh yea...i almost forgot. By executive order I am announcimg today that this nickel I just pulled from my pocket is now worth 10 trillion dollars. So, we arent adding to the debt because this nickel is going to pay for the 10 trillion of spending im asking for. Lastly, everything is fine, please turn in your firearms. Thank you....and again, this is george bush.s fault. Thank you."

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unitedfortruth

Jan-13-13 1:26 PM

Sit democrat! Sit boy!

Thats a good boy....now shake! Oooooohhhhh good boy democrat!

Now roll over! Oh your such a good boy! Yes you are!

Now speak! Barrrrrrrrak! Barrrrrrrak!"

Oh, good boy democrat!

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unitedfortruth

Jan-13-13 1:32 PM

Oh, heres a treat boy. Yes, your a good democrat! Yes you are! Heres some bacon!

Whats that? Oh, I forgot, you cant eat bacon. Oh, ok.

Well here, take some sausage! All you democrats take the sausage dont you! Yes you do! Oh good boy!

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truthmonger

Jan-13-13 2:52 PM

You conservatives are at the same time scary and comical. When the deficit was $11 trillion under Dubya, you were not dwelling on it "chicken little-style" but ever since the liberals took over the steering wheel, Obama is the devil who ruined America.

I am no Obama fan either. I just want to try to get you to think a little, if that is something you might want to do.

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truthmonger

Jan-13-13 2:58 PM

America's biggest debts have nothing to do with banks or China.

We have moral debts that we can never pay off. 50 million abortions, endless war, environmental destruction, systematic manifest destinty IMF/World Bank rigging the world economy against the weak.

If the banks were patriotic enough they could "forgive" America her debts just like that. If the Chinese knew what was good for them, they could forgive us too, just like that.

Where is the inescapable crisis I keep hearing about? Is this another manufactured crisis so they can squeeze more out of the middle class through austerity measures?

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unitedfortruth

Jan-13-13 3:17 PM

"Where is the inescapable crisis I keep hearing about?"

LOL! you're living it dude! its happening everyday. they are talking about minting trillion dollar coins for goodness sakes. LOLOLOL

fact is, you are living in it s we speak. yes, its gonna get worse. however, we're in it right now. open your eyes alittle.

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unitedfortruth

Jan-13-13 3:17 PM

its happening right now....everyday.

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unitedfortruth

Jan-13-13 3:19 PM

if the banks forgive america's debt, who is going to forgive the bankers 650 trillion dollar derivative debt?

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