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: ‘Burning Down the House: The End of Juvenile Prison’

Today The Weekend Reader brings you Burning Down the House: The End of Juvenile Prison by Nell Bernstein. A former Soros Justice Media Fellow and also the author of All Alone in the World, Bernstein is well known for advocating on behalf of children who have been let down by the juvenile prison system. Burning Down the House

Read more...

Should The House Impeach Obama?

Read more...

WATCH LIVE: President Obama Speaks On Situation In Ukraine

At 10:50am, EST, President Barack Obama will deliver remarks on the downing of Malaysia Airlines Flight 17, and situation in Ukraine. Live video of the president’s speech will be available below: JOIN THE LIVE CHAT VISIT WHITEHOUSE.GOV AFP Photo/Jim Watson

Read more...

Tags

Comments

scroll to top