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Trillion Dollar Coin

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larsdog
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 Posted 01/17/2013  5:23 pm  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply
I said it was brilliant, but a bad idea anyway. What would happen would be enormous political fallout over the perceived trickery employed to usurp Congressional power by the Executive Branch. Financially I doubt China really cares if T-bills are issued by Treasury or sold by the Fed to pay the interest we owe them. It's moot now anyway. They wisely decided to reject that scheme.
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