If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

If under the 14th Amendment Obama can make a coin worth $ 1,000,000,000,000.00 and had the atual metal of that value in it: in gold the coin should weigh 20,666.24 short tons, and 155 coins would fit into the volume of Chicago's Sears Tower (Willis Tower). In platinum the coin should weigh 21,658.7 short tons and 165 coins would fit into the volume of Chicago's Sears Tower (Willis Tower). In silver the coin should weigh 1,129,305 short tons and 1.54 coins would fit into the volume of Chicago's Sears Tower (Willis Tower).

That is just a joke originated by a blog, it is not from the administration. The concept of the trillion dollar coin was to put it on deposit at the FED so that we could continue to operate the government if there is no resolution on the debt ceiling. It changes nothing with respect to taxes, the debt will continue to be financed by selling treasury bonds.

As to constitution, congress has already authorized the Treasury to mint platinum coins, and has not specified a denomination for platinum coins.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

Related Questions