Geithner leaving b4 debt ceiling tells me #platinumcoin is coming. 2nd option is 14th. They've got it all worked out. These people are EVIL.—
Annie (@bloodless_coup) January 03, 2013
With Rep. John Boehner now officially returning as House Speaker, it’s certain that we can look forward to yet another standoff between Boehner and the White House over the nation’s debt ceiling, which the country hit on Dec. 31. The idea of minting a handful of trillion-dollar coins to get around the debt ceiling arose last year, but with the House GOP still holding that one bargaining chip and Treasury Secretary Tim Geithner headed for the exit, the push is on again to make the coin a reality.
Business Insider’s Joe Weisenthal calls the idea “really thrilling,” and Rep. Jarrold Nedler (D-N.Y.) is pushing for the coin as well, seeing as the president is faced with GOP “blackmail to destroy the country’s economy.” In an interview with website Capital, Nadler likened Republicans to the mob: “It’s like in the old gangster movies: ‘That’s a nice economy you got over there, pity if it should happen to blow up — if you don’t do what I want.’ That’s exactly what they’re saying.”
Why are people talking about the $1 Trillion coin again?—
RB (@RBPundit) January 03, 2013
The law allows the Treasury to mint platinum coins in any denomination. The idea was to allow for production of special commemorative coins, but there’s nothing legally to stop the Treasury from minting a few trillion-dollar coins and depositing them in the Federal Reserve. It’s a great idea, right?
This will be my first ever and last ever tweet about the Trillion Dollar Coin. Because I'm too busy with reality right now.—
Downtown Josh Brown (@ReformedBroker) January 03, 2013
Step 1: Do a twitter search for "trillion dollar coin" Step 2: Laugh. Step 3: Weep.—
Mike Altmann (@altmannia) January 03, 2013
There's a part of me that really wants this Trillion Dollar Coin thing to happen, just for the heist movies it'll spawn.—
Matthew Oden (@MatthewOden) January 03, 2013
No we won’t. That stimulus is going to kick in any second.