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re: Trillion Dollar Coin Idea - Why Doesn't This Make Sense in My Head?
Posted on 1/7/13 at 7:38 am to ZereauxSum
Posted on 1/7/13 at 7:38 am to ZereauxSum
quote:
I guess I'm just confused about why this is something unique, or clever, or whatever supporters are calling it.
As for this, the net debt level of the U.S. government would be reduced by $1 trillion, thereby getting around the need to raise the debt ceiling. That's the whole point, right? It's intended to just be a legal technicality in which the coin is never actually used, although as legal tender, it potentially could be used.
Posted on 1/7/13 at 11:46 am to Doc Fenton
OK, I understand the trick now. Basically we have all of this money now and we don't have to borrow.
Can't spell and can't process a simple accounting gimmick. I need to start over today![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
Can't spell and can't process a simple accounting gimmick. I need to start over today
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
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