By National Memo Staff

Should The White House Mint The Coin?

January 11, 2013 3:02 pm Category: Uncategorized Leave a comment A+ / A-
Should The White House Mint The Coin?

Should Obama Mint The Coin?

In the summer of 2011, House Republicans refused to raise the debt limit without an agreement that would guarantee a dollar in cuts for every dollar it was raised. This unprecedented threat to not pay for debts that Congress had already voted to incur eventually resulted in the first downgrade of the United State's credit rating in history. In February, we will hit the debt limit again and Republicans are demanding negotiations for a new debt deal. President Obama has said he will not negotiate this time.

One option to prevent a default on our nation's debt without negotiations would be minting a platinum coin worth $1 trillion, which many experts believe is legal due to a loophole in existing law. The coin that could be deposited in the Federal Reserve to pay our debts.

Please take a moment NOW to let the world know what you think the president should do!

Please enter your email address and zip code below so we can send you the results!

Should The White House Mint The Coin? Reviewed by on . [formidable id=26 title=true description=true] [formidable id=26 title=true description=true] Rating:

More by National Memo Staff

Weekend Reader: ‘America’s Bitter Pill: Money, Politics, Backroom Deals, And The Fight To Fix Our Broken Healthcare System’

The Affordable Care Act — Obamacare — is the most heralded and condemned legislation of the decade. The labor of accomplishing nothing less than a complete overhaul of the disastrous state of American healthcare has been hindered every step of the way by bellicose partisan discord, rabid lobbying, and the cataclysmic launch of a defective website. How Obamacare came to exist and

Read more...

Top Reads For News Junkies: ‘Bacardi And The Long Fight For Cuba’

Curious about Cuba? Don't miss this page-turning history of the nation and one of its most powerful families.

Read more...

Top Reads For News Junkies: ‘Friday Night Lights’

The NFL has had a bad year. A string of news stories have painted a harsh picture of a league that neglects the virtues of integrity and fair play (not to mention the health and safety of its players — and their families). But all the slings and arrows lobbed at the Shield won’t stop most Americans from enjoying

Read more...

Tags

Comments

scroll to top