In FoxNews recent expository article, "Legend of trillion-dollar coin grows as White House declines to rule it out" they explain how congress is addressing this new topic. Telling their readers that congress is not denying that they are thinking about making a trillion dollar coin. They are also reporting that congress isn't approving it either.
Why would congress even think about doing such a crazy thing? Wouldn't they just toss the idea away? Perhaps toss it where no one would ever find it? Not exactly. Recently White House Press Secretary Jay Carney "hedged" as he was asked if the trillion-dollar coin was a possibility and "then he hedged again. And again." Now the legend of the coin as seemed to grow thanks to Mr. Carney. Instead of just simply telling the US that the coin is just a rumor, he hedges towards us. Maybe Carney wants us to believe that there might be a possibility of this coin when there really isn't. He's playing with our minds.
"Lawmakers are now railing against the idea, which has -- left unchecked -- has become a seemingly legitimate point of debate." Now that the White House Press has just only irritated these rumors they have started something far beyond what they might have been looking for. Or maybe the White House Press actually wants everyone to throw a big debate over this issue. "The National Republican Congressional Committee has launched a petition urging people to oppose the use of trillion-dollar coins to address any debt crisis." Launching this petition might actually help certain people in this country understand that this new coin will not be good for our country. This new currency will only cause inflation.
NRCC Chairman, Rep. Greg Walden, R-Ore. was quoted on saying, "This scheme to mint trillion-dollar coins is absurd and dangerous, and would be laughable if the proponents weren't so serious about it as a solution. I'm introducing a bill to stop it in it's tracks." The proponents of this idea have pointed out that Treasury secretary can "mint and issue platinum bullion coins and proof platinum coins." Meaning that they, Treasury, do have the power to make this false coins.
In conclusion, the looks on making the trillion-dollar coin are looking quite interesting since there are no approvals and no denials. Who knows, the government might just make these coins without even thinking about all of the horrible outcomes that will emerge.
I disagree on the whole concept about the trillion-dollar coins. I don't think that Treasury should make these coins since they will only lead to a big, terrifying mess for America.
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