Platinum Coin Update – No go

A good idea, scotched by the Treasury Department.

This from Ezra Klein at the Washington Post

“…Anthony Coley, a spokesman for the Treasury Department…“Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,” he said.

If President Obama doesn’t want the fight, he’ll have to come up with another interesting way around Congress to beat the debt ceiling. Stay tuned.

1 Comment

Filed under 1, Obama, Politics, Republicans

One response to “Platinum Coin Update – No go

  1. Richard H. Goodwin

    Too bad. He doesn’t have the balls to do it anyway.

    He could just do it and then that would take a few years to get a legal opinion through the courts. In the meantime life would go on without the blackmail.

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