GOP congressman accidentally admits President Obama could legally mint the trillion dollar coin [View all]
Source: http://www.dailykos.com/
"Walden, it turns out, has written legislation that would bar the executive branch from minting coins of any denomination. That would include the much-talked-about trillion dollar coin, which would allow the U.S. government to continue to meet its obligation in the event Congress refuses to raise the debt limit. And, as Joe Weisenthal points out, by introducing legislation to ban such a maneuver, Walden is implicitly acknowledging that under current law, the trillion dollar coin is a perfectly legal and workable way to get around the debt limit."
Read more: http://www.dailykos.com/story/2013/01/07/1177084/-GOP-congressman-accidentally-admits-President-Obama-could-legally-mint-the-trillion-dollar-coin?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+dailykos%2Findex+%28Daily+Kos%29
I love this. It may not be legal, the courts will have to weigh in, but it is no more ludicrous then Republican proposals.
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