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Trump to authorise $1 Trillion Coin to pay off his debts!

 
Janus
User ID: 74768114
10/17/2020 04:29 PM
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Trump to authorise $1 Trillion Coin to pay off his debts!
Trump to authorise $1 Trillion Coin to pay off his debts!
Anonymous Coward
User ID: 79505727
10/17/2020 06:30 PM
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Re: Trump to authorise $1 Trillion Coin to pay off his debts!

MountainTux NLI

User ID: 68084370
Canada
10/17/2020 06:48 PM

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Re: Trump to authorise $1 Trillion Coin to pay off his debts!
Actually, what you're referring to is Rashida Tlaib's (Congresswoma, DEMOCRAT) Automatic BOOST to Communities Act


"Michigan Democratic Rep. Rashida Tlaib has an intriguing plan to limit the damage from the coronavirus pandemic: give every American prepaid debit cards that would be reloaded each month until the crisis ends.

While this is an elegant idea that would help cushion income losses for the tens of millions of workers who likely will lose their jobs, the real innovation is how the plan would be funded. Rather than issue new debt, the Treasury would mint the money it needed, using authority it gained in the 1990s, by selling $1 trillion platinum coins to the Federal Reserve, which would then credit the Treasury with the proceeds."

Credit: [link to www.barrons.com (secure)]

___________________ Snip <50% ________________________________

Otherwise known as another DemonRat free shit plan to garner votes by creating unsustainable debt to buy the support of the ever-growing Free Shit Army (or the Foolish Little Socialists as I like to call them.)

And this is OLD news, was proposed in May, and never went anywhere, because it's a smoke - and - mirrors game - it doesn't resolve debt, and the money is THERE. This was just a game to make Americans feel warm and fuzzy about free shit.

Do your research before posting bullshit, please. Or, feel free to show me the research saying that Trump will now pursue this farce.

In other words... Link or GTFO.

penguin
ad ignorantiam - The assumption of a conclusion or fact based primarily on lack of evidence to the contrary. Usually best described by, “absence of evidence is not evidence of absence.”
Anonymous Coward
User ID: 78728711
United States
10/17/2020 06:50 PM
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Re: Trump to authorise $1 Trillion Coin to pay off his debts!
Trump eats dead babies.
Anonymous Coward
User ID: 76720150
United States
10/17/2020 07:07 PM
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Re: Trump to authorise $1 Trillion Coin to pay off his debts!
Trump to authorise $1 Trillion Coin to pay off his debts!
 Quoting: Janus 74768114


You are so stupid it hurts

Get the facts straight before posting shit

Liberals are so fucking stupid

AS-thumbsdownFNamatuers1pennbrainsDc-FacTs





GLP