Re: Put the federal cliff in perspectiv
01-11-2013 10:50 AM
The idea behind the trillion dollar coin is not to actually pay with the coin but it would be a monetary slight-of-hand to sidestep the artificial debt ceiling limit law. It doesn't actually create or pay down debt in and of itself. If it did it would exactly the same as printing money which would devalue the dollar. This is just a mechanism to get past another mechanism akin to passing another law to eliminate the first law. At least that's my take on it.