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View Diary: Of Blazing Saddles and platinum coins: Why minting a $1 trillion one is neither smart nor necessary (216 comments)

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  •  CA had to issue scrip in 2009 (6+ / 0-)

    California had to issue scrip in 2009.  It sucks, but IMHO that's the most logical way out of this mess.  Plus, it has the political advantages of telling the public that they'll get paid when the GOP House decides to stop holding hostages.  All the bondholders will get paid on time, and those with scrip will put serious pressure on Congress, and that's what we need.

    Yes, Virginia, there is an alternative to the death penalty!

    by econlibVA on Fri Jan 11, 2013 at 06:23:30 PM PST

    [ Parent ]

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