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View Diary: 'Grown-ups don't mint trillion dollar coins' and other childhood fantasies (224 comments)

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  •  Congress would simply pass law negating coin. (0+ / 0-)

    If congress created enabling statute, what prevents them from revoking said statute or limiting it from this reducto absurdum?

    "If the past sits in judgment on the present, the future will be lost." Winston Churchill

    by Kvetchnrelease on Wed Jan 09, 2013 at 10:34:41 AM PST

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    •  Congress…pass a law? (2+ / 0-)
      Recommended by:
      Kvetchnrelease, llywrch

      1. Have you been asleep for the past two years? Expecting Congress to agree to anything is nuts. Sure the Jouse would pass something like that, then the bill would go die in the Senate.
      2. Even if said bill were to pass, the President would veto it.
      3. Congress could only repeal the Treasury's ability to mint coins in unspecified denominations. It cannot negate currency that has already been lawfully issued.

      Teh stoopidTM, it hurts. Buy smart, union-printed, USA-made, signs, stickers, swag for everyone: DemSign.com. Get your We are the 99% Yard Sign.

      by DemSign on Wed Jan 09, 2013 at 10:55:57 AM PST

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      •  Executive Branch supremacy is not good for (1+ / 0-)
        Recommended by:
        George Hier

        Our nation regardless of party in control, so no I have not given up hope on congress doing the right thing without this coin leverage bs.

        "If the past sits in judgment on the present, the future will be lost." Winston Churchill

        by Kvetchnrelease on Wed Jan 09, 2013 at 11:05:13 AM PST

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