Comments on: Trillion Dollar Coins: The Ultimate Debt Ceiling End-Around? http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/ The latest Politics news and blog posts from ABC News contributors and bloggers including Jake Tapper, George Stephanopoulos and more. Wed, 22 Oct 2014 22:02:01 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: pyrodice http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30585304 pyrodice Fri, 18 Jan 2013 00:50:02 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30585304 Well, it rightfully ought to be Obama's face, but he's not dead except in spirit. :P Well, it rightfully ought to be Obama’s face, but he’s not dead except in spirit. :P

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By: SnarkyB http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30450243 SnarkyB Fri, 11 Jan 2013 12:23:02 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30450243 The face on the coin should be Alred E. Neuman since his philosophy apparently reflects that of our congressional members. The face on the coin should be Alred E. Neuman since his philosophy apparently reflects that of our congressional members.

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By: RogueAndMe http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30417701 RogueAndMe Thu, 10 Jan 2013 01:30:28 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30417701 There would never be a newly minted single coin worth a trillion dollars. That's just non sense. Even using platinum there would have to be several hundred million coins to even be worth a trillion. There would never be a newly minted single coin worth a trillion dollars. That’s just non sense. Even using platinum there would have to be several hundred million coins to even be worth a trillion.

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By: hkinsey3 http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30411710 hkinsey3 Wed, 09 Jan 2013 19:08:32 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30411710 Next thing you know the brainless dems will want to make 16 of them, pay off the national debt and start fresh....kinda like picking yourself up by the seat of the pants. Next thing you know the brainless dems will want to make 16 of them, pay off the national debt and start fresh….kinda like picking yourself up by the seat of the pants.

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By: KellyinBoston http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30393684 KellyinBoston Wed, 09 Jan 2013 00:06:31 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30393684 Frankly, it would would be legal and would work to take the debt ceiling off the table in budget talks. I (along with most with knowledge of the financial system Newt Gingrich) firmly believe that the debt ceiling should be off the table. The debt ceiling is unrelated to prospective spending--Refusing to raise it would push the US into default, along with much of the world, and bring trade of any sort to a virtual stop. The economy would never fully recover, ruining America forever. The republicans have other tools that aren't so suicidal for the US---They can simply let the sequester happen, meaning automatic budget cuts in March 2013. Then both sides will need to negotiate on cuts. Frankly, it would would be legal and would work to take the debt ceiling off the table in budget talks. I (along with most with knowledge of the financial system Newt Gingrich) firmly believe that the debt ceiling should be off the table. The debt ceiling is unrelated to prospective spending–Refusing to raise it would push the US into default, along with much of the world, and bring trade of any sort to a virtual stop. The economy would never fully recover, ruining America forever. The republicans have other tools that aren’t so suicidal for the US—They can simply let the sequester happen, meaning automatic budget cuts in March 2013. Then both sides will need to negotiate on cuts.

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By: john g http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30367505 john g Mon, 07 Jan 2013 16:03:12 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30367505 Since he was our President in 1971 when the US$ ended backing the dollar with gold, I think Richard M Nixon should be on our $1,000,000,000,000 coin. Since he was our President in 1971 when the US$ ended backing the dollar with gold, I think Richard M Nixon should be on our $1,000,000,000,000 coin.

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By: Steve Starr http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30358760 Steve Starr Mon, 07 Jan 2013 02:25:28 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30358760 Why mess around? Just make a $20 trillion coin and pay off all the debt? Better yet, how about a $330 trillion coin? That way, every American can get $1million each! We can all be millionaires! Actually, we all will be millionaires in a few years, when bread costs $5000 a loaf and gas is $10,000 a gallon. Why mess around? Just make a $20 trillion coin and pay off all the debt?

Better yet, how about a $330 trillion coin? That way, every American can get $1million each! We can all be millionaires!

Actually, we all will be millionaires in a few years, when bread costs $5000 a loaf and gas is $10,000 a gallon.

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By: B-K KnightRider http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30356297 B-K KnightRider Sun, 06 Jan 2013 22:15:24 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30356297 TEXBORK_2013: "B-K KnightRider, Yeah. They come later… There’s no way I’m falling for that." - - - Why not? The cuts happening is an unavoidable reality UNLESS the Congress changes the law to stop the automatic sequestration cuts that MUST legally happen if they do nothing. Are you insisting that the Republican House will change the law to make the sequestration cuts go away? The only reason the sequestration cuts did not already happen was because they agreed to DELAY them by two months by EXTENDING the deadline so they can have time to negotiate reasonable cuts necessary to avoid the AUTOMATIC sequestration cuts. What is it about the word automatic that you don't understand? There are only three ways to avoid the AUTOMATIC sequestion cuts from happening. CONGRESS negotiates the necessary cuts to avoid them. CONGRESS extends the deadline again - IF that is even possible. Or CONGRESS does nothing and simply allows the sequestion cuts to happen AUTOMATICALLY. I don't believe for a nanosecond they can extend the deadlin again barring some miracle. So, the cuts will happen one way or another. TEXBORK_2013: “B-K KnightRider, Yeah. They come later… There’s no way I’m falling for that.” – - – Why not? The cuts happening is an unavoidable reality UNLESS the Congress changes the law to stop the automatic sequestration cuts that MUST legally happen if they do nothing. Are you insisting that the Republican House will change the law to make the sequestration cuts go away? The only reason the sequestration cuts did not already happen was because they agreed to DELAY them by two months by EXTENDING the deadline so they can have time to negotiate reasonable cuts necessary to avoid the AUTOMATIC sequestration cuts. What is it about the word automatic that you don’t understand? There are only three ways to avoid the AUTOMATIC sequestion cuts from happening. CONGRESS negotiates the necessary cuts to avoid them. CONGRESS extends the deadline again – IF that is even possible. Or CONGRESS does nothing and simply allows the sequestion cuts to happen AUTOMATICALLY. I don’t believe for a nanosecond they can extend the deadlin again barring some miracle. So, the cuts will happen one way or another.

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By: TexBork_2013 http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30355893 TexBork_2013 Sun, 06 Jan 2013 21:30:10 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30355893 B-K KnightRider, Yeah. They come later... There's no way I'm falling for that. At best, maybe there might be a symbolic reduction in increases and that will be tried to pass off as cuts, but I don't by the whole, "Check's in the mail." notion on spending cuts. Not for a moment. That's like H saying he was going to cut the deficit in half in 2 years. What idiot believed that? B-K KnightRider, Yeah. They come later… There’s no way I’m falling for that. At best, maybe there might be a symbolic reduction in increases and that will be tried to pass off as cuts, but I don’t by the whole, “Check’s in the mail.” notion on spending cuts. Not for a moment. That’s like H saying he was going to cut the deficit in half in 2 years. What idiot believed that?

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By: PEIKOVYAN http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/#comment-30355855 PEIKOVYAN Sun, 06 Jan 2013 21:27:57 +0000 http://abcnews.go.com/blogs/politics/?p=830680#comment-30355855 There should be a two-faced coin with Obama on front and Biden on reverse. Perfect for that random coin-toss when deciding whether or not to change the constitution. Just call "heads." There should be a two-faced coin with Obama on front and Biden on reverse. Perfect for that random coin-toss when deciding whether or not to change the constitution. Just call “heads.”

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