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Obama Admin Drafted Memos on Trillion-Dollar Coin During Debt Ceiling Showdown

 
Anonymous Coward
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12/03/2013 12:52 PM
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Obama Admin Drafted Memos on Trillion-Dollar Coin During Debt Ceiling Showdown
Fans of economic policy may recall that during one of the many recent debt ceiling showdowns, the idea to mint a trillion-dollar platinum coin came to the fore. It turns out that the Obama administration took the idea seriously enough to have the Justice Department’s Office of Legal Counsel draft memos pertaining to its legality, a fact belied by the White House’s out-of-hand dismissal of the option in January.

In response to the Huffington Post’s Freedom of Information Act request, the OLC confirmed that memos about the legality of minting a high-value platinum coin had been written since Obama took office, but declared them “not appropriate for discretionary release.” HuffPost filed the FOIA request during this fall’s debt ceiling battle.

[link to www.mediaite.com]
Anonymous Coward (OP)
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12/03/2013 12:57 PM
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Re: Obama Admin Drafted Memos on Trillion-Dollar Coin During Debt Ceiling Showdown
Where does the mint a coin to pay off the debt idea originate from?

[link to comeletusreasontogether.com]
Anonymous Coward
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12/04/2013 10:50 AM
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Re: Obama Admin Drafted Memos on Trillion-Dollar Coin During Debt Ceiling Showdown
Australia will dive further ‘Down Under’ into debt, as lawmakers reached a deal to do away with a limit. The government can now borrow as much as it wants, and will avoid a shutdown when it reaches the AU$300 billion debt limit on December 12.

[link to rt.com]



... you see the pattern, right.





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