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<p>[QUOTE=&quot;yakpoo, post: 5427458, member: 18157&quot;]Just what I was thinking reading it back in May...ridiculous, right?</p><p><br /></p><p>A lot has happened since then. We should do well with tax receipts this year as folks convert 401Ks to Roths...but after that, who knows. I don&#039;t hear anyone talking about spending cuts. If fact, they&#039;re talking about a Trillion Dollar coin again...to get around Congressional mandates.</p><p><br /></p><p>&quot;The concept of striking a trillion-dollar coin that would generate one trillion dollars in seigniorage, which would be off-budget, or numismatic profit, which would be on-budget, and be transferred to the Treasury, is based on the authority granted by Section 31 U.S.C. § 5112 of the United States Code for the Treasury Department to &quot;mint and issue platinum bullion coins&quot; in any denominations the Secretary of the Treasury may choose. Thus, if the Treasury were to mint one-trillion dollar coins, it could deposit such coins at the Federal Reserve&#039;s Treasury account instead of issuing new debt.&quot;</p><p><br /></p><p><a href="https://en.wikipedia.org/wiki/Trillion-dollar_coin" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Trillion-dollar_coin" rel="nofollow">https://en.wikipedia.org/wiki/Trillion-dollar_coin</a></p><p><br /></p><p><br /></p><p>&quot;Old Charlie stole the handle,</p><p>And the Train, it won&#039;t stop going,</p><p>No way to slow down...</p><p>No way to slow down&quot;</p><p>...Jethro Tull &quot;Locamotive Breath&quot;[/QUOTE]</p><p><br /></p>

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