Shall we laugh at this story? Or tremble in fear? Those who respect the Obama Administration will laugh or cheer perhaps. Those who have looked at the past performance of these people will likely hide under their bed in a fetal position.
CNBC: The Secret History of the Trillion Dollar Coin "Just when you thought you knew everything about the trillion dollar platinum coin, you may be surprised to find out that there's more mileage than you had imagined behind the quick-fix idea for the debt ceiling."
Theater of the Absurd: Administration won't rule out minting $1 trillion platinum coin "Much of the last 4 years has been a nightmare for conservatives. But there is a crazy, stupid, absurd idea being seriously discussed in Washington that makes previous nightmares from the White House pale in comparison.
"The idea is for the Treasury Department to mint a platinum coin and declare it to be worth $1 trillion. If Congress won't raise the debt ceiling, the coin would be deposited at the Federal Reserve and Obama could continue to spend money." The WSJ did take note that Jay Carney would not reject the idea as ridiculous.
Sure, I know Obama voters have the intellect of the first O.J. Simpson jury, but surely his administration has sophisticated, economically sound people in it. Look at the names of those people: there's, um, well...
The Wall Street Journal doesn't take this too seriously; Nor did John Stewart.
Fox News Special Report had this take on Jack Lew's signature, which Stewart also had fun with in the previous video.
CNBC: The Secret History of the Trillion Dollar Coin "Just when you thought you knew everything about the trillion dollar platinum coin, you may be surprised to find out that there's more mileage than you had imagined behind the quick-fix idea for the debt ceiling."
"The idea is for the Treasury Department to mint a platinum coin and declare it to be worth $1 trillion. If Congress won't raise the debt ceiling, the coin would be deposited at the Federal Reserve and Obama could continue to spend money." The WSJ did take note that Jay Carney would not reject the idea as ridiculous.
Sure, I know Obama voters have the intellect of the first O.J. Simpson jury, but surely his administration has sophisticated, economically sound people in it. Look at the names of those people: there's, um, well...
Fox News Special Report had this take on Jack Lew's signature, which Stewart also had fun with in the previous video.
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