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rdubwiley

(518 posts)

2. I don't know what will happen to the coin

Reply to onthefence1 (Reply #1)

Wed Jan 9, 2013, 08:47 PM

Jan 2013

The point isn't to create money, but to work around the debt ceiling, while producing cash flow to pay off some debt. Really it's just a way to move money from one place to another without hitting the arbitrary limit.

Though, after the debt ceiling is raised, you can imagine the treasury throwing the coin into Mount Doom.

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Highlight:

The Trillion Dollar Coin [View all] rdubwiley Jan 2013 OP

trillion dollar coin onthefence1 Jan 2013 #1

I don't know what will happen to the coin rdubwiley Jan 2013 #2

Reality immitates art albear Jan 2013 #3

It will never happen DWinNJ Jan 2013 #4

We all know rdubwiley Jan 2013 #5