From Politico:
Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama from minting the coins.
“This scheme to mint trillion dollar platinum coins is absurd and dangerous, and would be laughable if the proponents weren’t so serious about it as a solution,” Walden said in a statement. “My bill will take the coin scheme off the table by disallowing the Treasury to mint platinum coins as a way to pay down the debt.”
The idea, which has won the support of Rep. Jerry Nadler (D-N.Y.) and economist Paul Krugman, would allow Obama to mint the platinum coin if the nation moves close to defaulting during the debt ceiling debate with Republicans in the coming months.
Related Posts
