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New White House Petition Demands That Obama Mint A Trillion Dollar Coin To Avert A Debt Ceiling Crisis

By on January 4, 2013

Earlier today we explained how more and more prominent and influential individuals are calling on The Treasury to avert the debt ceiling crisis by minting a trillion dollar coin. The Treasury, technically, can create platinum coins in any denomination.

And so the theory is that rather than having a debt ceiling crisis, it would be better to have the Treasury deposit a trillion dollar platinum coin at the Federal Reserve, and have it credited to the government’s bank account.

Anyway, everyone’s getting excited by it, and a petition has been launched at WhiteHouse.gov to get people to demand that Obama take this step.

On Twitter, supporters are using the hashtag #mintthecoin to let their voices be heard.

You can read our post here, which explains why there wouldn’t be any severe ramifications.

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Click here to check out the petition >

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