[Tidybuoy]

I am baffled. The congress is proposing that the mint create a 1 Trillion Dollar Coin which will then be transferred to the Federal Reserve and will eliminate the need to raise the debt limit.

Does this make sense to anybody??

It seems like I hear on a daily basis that "millionaires and billionaires" are not paying their fair share and "cheating" on their taxes, yet when the government spending gets out of control, they can simply stamp out a $10,000 coin and label it 1 Trillion Dollars and their problem is instantly solved.

I would love to hear opinions on this subject.