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(20,709 posts)

28. Yeah, I don't see where the $1 trillion number came from.

Sat Jan 12, 2013, 07:03 PM

Jan 2013

It's really bad marketing. I think that they should call it something like a "platinum bond".

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31 replies

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The trillion dollar coin is not about "printing away the debt". [View all] DanTex Jan 2013 OP

I was yelling at the screen a little too. I hate it when I do that. Squinch Jan 2013 #1

Agreed. Proceed Mr. President. politicaljunkie41910 Jan 2013 #5

LOVE that idea. Squinch Jan 2013 #8

Well, there is a limit. DanTex Jan 2013 #12

The trillion dollar coin doesn't have to be paid back. FarCenter Jan 2013 #2

But it will be payed back. DanTex Jan 2013 #3

Only if the debt ceiling is raised can the coin be bought back FarCenter Jan 2013 #4

But the government has to spend the trillion dollars FarCenter Jan 2013 #7

Right, but not all at once. DanTex Jan 2013 #9

It doesn't need to, but it can (and it will). DanTex Jan 2013 #18

So? What difference does that make? DanTex Jan 2013 #21

Fed selling of bonds doesn't change the debt ceiling FarCenter Jan 2013 #23

Surplus? Common Sense Party Jan 2013 #24

Yeah, I don't see where the $1 trillion number came from. DanTex Jan 2013 #28

It starts as one trillion dollar coin brandonk Jan 2013 #20

For you probably pizza. Kalidurga Jan 2013 #26

How on earth could the Fed sell those bonds? Yo_Mama Jan 2013 #30

What do you mean "how"? On the open market. DanTex Jan 2013 #31