Remember when Obama wanted to mint a $1 TRILLION coin to pay off the debt?

[Nostra]

This is Democrat economics on display, Folks.


"There was this theory that I had the authority to issue through the mint this massive $1 trillion coin and on that basis we could try to pay off US Treasurys," Obama said. "It was a very realistic possibility that we couldn't get the votes for that and we couldn't get those debts rolled over and we would be in a situation where were technically in default. At that point you were in uncharted territory."

OBAMA: This was the scariest night of my presidency

President Obama said that the fight over the debt ceiling was the scariest night of his presidency and that he almost minted the trillion-dollar coin.

www.businessinsider.com

 

[Thunk]

Most of our debt is held by the FEDERAL RESERVE (a private corporation).

The US TREASURY mints coins.

This would shift the debt burden from the FED to the US Treasury (the American taxpayer).

 

[kyzr]

A president can't create money. Even the low IQ democrats should know that.
The 14th amendment doesn't work either.
All the president can do is prioritize payments with the income the Treasury has w/o borrowing.
Interest on the Debt gets paid first, the others can get partial payments until the Debt Limit is raised.
That's what happens when a balanced budget isn't passed.

 

[Polishprince]

This is Democrat economics on display, Folks.


"There was this theory that I had the authority to issue through the mint this massive $1 trillion coin and on that basis we could try to pay off US Treasurys," Obama said. "It was a very realistic possibility that we couldn't get the votes for that and we couldn't get those debts rolled over and we would be in a situation where were technically in default. At that point you were in uncharted territory."

OBAMA: This was the scariest night of my presidency

President Obama said that the fight over the debt ceiling was the scariest night of his presidency and that he almost minted the trillion-dollar coin.

www.businessinsider.com

B. Hussein O was just watching the Simpsons to come up with that idea.

 

[Toddsterpatriot]

Most of our debt is held by the FEDERAL RESERVE (a private corporation).

The US TREASURY mints coins.

This would shift the debt burden from the FED to the US Treasury (the American taxpayer).

The Fed, a part of the US Treasury, currently holds less than $5.2 trillion in US treasuries.

 

[Magnus]

This is Democrat economics on display, Folks.


"There was this theory that I had the authority to issue through the mint this massive $1 trillion coin and on that basis we could try to pay off US Treasurys," Obama said. "It was a very realistic possibility that we couldn't get the votes for that and we couldn't get those debts rolled over and we would be in a situation where were technically in default. At that point you were in uncharted territory."

OBAMA: This was the scariest night of my presidency

President Obama said that the fight over the debt ceiling was the scariest night of his presidency and that he almost minted the trillion-dollar coin.

www.businessinsider.com

Nope. Don't remember Obama proposing to mint a $1 TRILLION coin. From your own link: [Obama] "There were all kinds of wacky ideas about how potentially you could have this massive coin."

Do you have any other link or is it one of those right-wing fantasies that you retards dream up?

 

[Toddsterpatriot]

Nope. Don't remember Obama proposing to mint a $1 TRILLION coin. From your own link: [Obama] "There were all kinds of wacky ideas about how potentially you could have this massive coin."

Do you have any other link or is it one of those right-wing fantasies that you retards dream up?

OBAMA: This was the scariest night of my presidency

President Obama said that the fight over the debt ceiling was the scariest night of his presidency and that he almost minted the trillion-dollar coin.

www.businessinsider.com

 

[Nostra]

Nope. Don't remember Obama proposing to mint a $1 TRILLION coin. From your own link: [Obama] "There were all kinds of wacky ideas about how potentially you could have this massive coin."

Do you have any other link or is it one of those right-wing fantasies that you retards dream up?

Since when was an idea being whacky prevent Barry’s support, Simp?

Obamacare?
Fast and Furious?
Hiring Hitlery?
Hiring John Kerry?
Hiring Eric Holder?


I could go on…..and on…..

 

[rightwinger]

President Biden is talking about honoring him on the One Dollar Bill
Washington has been on long enough

 

[Toddsterpatriot]

President Biden is talking about honoring him on the One Dollar Bill
Washington has been on long enough

View attachment 792443

Obama will go on the $3 bill.

 

[Magnus]

Since when was an idea being whacky prevent Barry’s support, Simp?

Obamacare?
Fast and Furious?
Hiring Hitlery?
Hiring John Kerry?
Hiring Eric Holder?


I could go on…..and on…..

In other words, in answer to my question... Do you have any other link or is it one of those right-wing fantasies that you retards dream up?

Your answer is that it is a right-wing fantasy dreamt up by right-wing retards like yourself?

Yup, that's what I figured. Thanks for the confirmation.

 

[Nostra]

In other words, in answer to my question... Do you have any other link or is it one of those right-wing fantasies that you retards dream up?

Your answer is that it is a right-wing fantasy dreamt up by right-wing retards like yourself?

Yup, that's what I figured. Thanks for the confirmation.

Weird how you have miserably failed to bring ANYTHING proving anything in my OP incorrect.

Par for the course for you, Zippy.

 

[wamose]

Obama has always been a dishonest, racist, power mongering, poor reasoning, low intelligence, radical renegade. He's useless to our country and he's not about to change either. Worst President ever.

 

[Augustine_]

This is Democrat economics on display, Folks.


"There was this theory that I had the authority to issue through the mint this massive $1 trillion coin and on that basis we could try to pay off US Treasurys," Obama said. "It was a very realistic possibility that we couldn't get the votes for that and we couldn't get those debts rolled over and we would be in a situation where were technically in default. At that point you were in uncharted territory."

OBAMA: This was the scariest night of my presidency

President Obama said that the fight over the debt ceiling was the scariest night of his presidency and that he almost minted the trillion-dollar coin.

www.businessinsider.com

It was easier to just roll over the proto-terrorists of the GOP and force them to submit

 

[Toddsterpatriot]

Weird how you have miserably failed to bring ANYTHING proving anything in my OP incorrect.

Par for the course for you, Zippy.

And of course he ignored post #7

 

[Toro]

The trillion dollar coin is very silly.

 

[Synthaholic]

President Biden is talking about honoring him on the One Dollar Bill
Washington has been on long enough

View attachment 792443

He should be on the $100 bill. Franklin was never a president.

 

[Synthaholic]

Obama has always been a dishonest, racist, power mongering, poor reasoning, low intelligence, radical renegade. He's useless to our country and he's not about to change either. Worst President ever.

 

[Clipper]

This is Democrat economics on display, Folks.


"There was this theory that I had the authority to issue through the mint this massive $1 trillion coin and on that basis we could try to pay off US Treasurys," Obama said. "It was a very realistic possibility that we couldn't get the votes for that and we couldn't get those debts rolled over and we would be in a situation where were technically in default. At that point you were in uncharted territory."

OBAMA: This was the scariest night of my presidency

President Obama said that the fight over the debt ceiling was the scariest night of his presidency and that he almost minted the trillion-dollar coin.

www.businessinsider.com

No, but we'll remember how your thread flamed out bigly, Beavis.

Maybe start a thread advising Trump not to go anywhere without his toothbrush?

 

[Polishprince]

Obama has always been a dishonest, racist, power mongering, poor reasoning, low intelligence, radical renegade. He's useless to our country and he's not about to change either. Worst President ever.

I always saw Obama as someone with no respect at all for the regular John Q. Twelvepacks that made this country great. The way he referred to his fellow citizens as "bitter clingers" was over the top and showed what an entitled piece of shit he always was.