Holding the Debt Limit Hostage is Unconstitutional, So Why Not Get Around it by Minting a Trillion-Dollar Platinum Coin?

Holding the Debt Limit Hostage is Unconstitutional, So Why Not Get Around it by Minting a Trillion-Dollar Platinum Coin?

alternet.org — It's bizarre how people distinguish between serious and unserious proposals. With another debt-ceiling show-down looming, talk of the 'platinum coin option' – declared deeply unserious in 2011 – is once again gaining some traction. I say: do it, and let the chips fall where they may. Who knows where the courts land, or even if the GOP has the chutzpah to take the case to court at that point in the game? Courts certainly can and do rule on narrow technicalities, and the threat of a global economic meltdown is a pretty strong incentive. But it should also be on the table because there is nothing more ridiculous than a congressional minority threatening the economy by trying to extract unpopular concessions in exchange for paying the bills that Congress itself already ran up. Let's not pretend this is normal behavior we're dealing with. In fact, let's not pretend it's Constitutional.

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