Just Mint the Damn Coin Already!

I haven't said much on the solutions on the debt ceiling debate, I've been more focused on the source of the problem, which is that Obama, in his eagerness to find a way to gut cut Social Security, Medicare, and Medicaid in order to feed his own ego by burnishing his self image as a bipartisan compromiser who brings people together because he's just so damn awesome.

At this point, it would be good to have a plan B, and while there are a number of ways to work around this, though to my mind is the use of the Treasury's explicit statutory authority to mint platinum proof coin of arbitrary value, which they could be deposited in the Federal Reserve account and used to keep the debt below the ceiling.

So if they mint a few trillion dollar coins, deposit them in their "checking account", and it's off to the races.

But it won't happen, because Obama still wants to find a way to gut cut Social Security, Medicare, and Medicaid.