Phony Funny Money
I’m holding Obama responsible for this crazy Trillion dollar coin. You know the one where Nobel Prize winning economist and hard core lefty Paul Krugman hopes to solve the government’s money troubles by minting a coin made from Platinum and putting “one trillion dollars” on the front of it. Our federal government is spending a trillion dollars a year more than it takes in. The President has not proposed a budget that gets the support of congress. And he has to ask congress for permission to borrow money to fund this lunacy. That’s in the constitution. But congress wants to hold back borrowing till the President proposes some cuts to spending. The president has demanded that they hand over that power to him. Now the president’s allies have proposed the trillion dollar platinum coin idea. it would let him get around all that “ask congress” stuff and just keep spending. It inflates the currency, and devalues every dime you’ve got left in your pockets…the ones that aren’t already gone through the middle class tax cuts that the president promised he would never allow. And now congressman Greg Walden wants a law to forbid the trillion dollar inflation coin. You think Obama will sign that one?
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