Posted 1 year ago on Dec. 5, 2012, 10:13 p.m. EST by bensdad
This content is user submitted and not an official statement
How to avoid the "raise the debt ceiling" debate crisis and defang the blackmailing republiclan serpent.
There are many laws about American coins. One law states that the Secretary of the Treasury can mint any PLATINUM coin in ANY denomination. Therefore, he can produce ONE platinum coin in the one trillion dollar denomination and deposit it in the Fed. The Fed can then use this trillion dollars to pay debts previously voted on by congress - without the serpent's ceiling raising threats.
An easier way - the President, alone, can raise the debt cieling by himself and only congress can overrule it with a 2/3 vote.