It appears Washington will consider anything that permits them not to solve the fiscal problem. http://tinyurl.com/cemkhmz
Technically the United States government is not solvency constrained (as opposed to inflation constrained) because it pays its bills in currency that it can print. What I mean is that the fiscal cliff is only a problem because we want it to be.
I'm not only addressing the Fiscal Cliff I'm interested in the deadheads in Washington DC manning up and solving the fiscal problems they created. I would not be surprised if the best they can do is a trillion dollar smoke and mirrors platinum coin.
I misunderstood, my apologies. To answer your question, I'm fairly confident we will muddle along as usual. Could be wrong, wouldn't be the first time.
OK, I thought the idea of a trillion dollar coin was interesting then the political reality came into it.
I imagine that it's tough to not touch on the politics affecting our financial issues on a forum dedicated to... money. LOL. I do enjoy the mostly politics free style here. Great article. Best line: “There’s nothing that’s obviously economically problematic about it.”
I heard this too, there is a loophole that allows the creation of 3 trillion dollar platinum coin that could be deposited and used to pay the US' bills and avoid another debacle.
Yes, that is true, and why censoring occurs when it goes from generalities to specifics such as one's political party or association, or individuals, etc.. Midas used the term deadheads as applicable to everyone there, so it was allowed. Jim
