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: ‘Blackballed: The Black Vote And U.S. Democracy’

The fight for voting rights didn’t begin and end with the civil rights movement of the ’50s and ’60s. With the midterm elections just over one week away, minorities across the country are still battling discriminatory voter suppression laws that could prevent hundreds of thousands of U.S. citizens from exercising their right to vote.  In Blackballed: The Black Vote and U.S.

Read more...

Endorse This: The Koch Brothers Want You To Get High

See a Koch-linked dark money group's best effort to reach out to young voters.

Read more...

Who Was A Better President?

Who do you think was a better U.S. President? Tell us here!

Read more...

Tags

Comments

scroll to top