Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Krugman: Be Ready To Mint That Coin [View all]foxtrotzulu
(3 posts)17. Default talk is rubbish. No coin needed
The US Government is not in any danger of default. Income is (approx.) 200 billion/month. Debt service is (approx) 35 billion/month. There is no need to mint a special coin and create a false crisis to service the debt.
Yes, we would have a 114 billion/month short-fall. Yes, some tough choices would need to be made about what parts of government to stop funding. But there is no real danger of default.
Edit history
Please sign in to view edit histories.
73 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
The scene of the Boston Tea Party on the back might be most appropriate, though.
RomneyLies
Jan 2013
#50
Anyone else think it's funny that you can just make yourself a trillion-dollar coin?
TwilightGardener
Jan 2013
#5
Those things always give change in Susan B. Anthony or Sacajawea dollar coins
slackmaster
Jan 2013
#10
Imagine going to the local 7-11 and buying a Moon Pie and an RC Cola with it!
Buns_of_Fire
Jan 2013
#26
Paul Krugman won the Nobel Prize for Economics and he seems to think that one may be needed.
Nye Bevan
Jan 2013
#23
Hmmm... Jeremy Renner as the high strung sidekick or Mark Ruffalo as the extroverted sidekick?
Initech
Jan 2013
#53
That $1 trillion dollar coin is interesting, but it's not something we should seriously
BlueCaliDem
Jan 2013
#44
Reminds me of that Simpsons episode with the trillion dollar bill that Burns stole...
Drunken Irishman
Jan 2013
#51
"If it's a crime to steal a trillion dollars and hand it over to Cuba then I'm guilty!"
Initech
Jan 2013
#52
It should have Dick Cheney's face on it, along with his quote, "Deficits don't matter." (nt)
scarletwoman
Jan 2013
#65