Thursday, October 03, 2013

And It Doesn't Have To Be ONE TRILLION DOLLARS

That's really our little joke. Can just mint a bunch of smaller (but large!) denomination coins which can be deposited into the Treasury's account as needed to cover the spending the Congress has told the Executive to spend.

Then Congress can get its act together, increase the debt ceiling or revoke it as a concept entirely, and revoke the power of the Executive to mint any more coins. But first they have to give me one.