"Mint the coin" seems similar to what some religious weirdos do in order to "cheat God". Everyone knows what is being done here, Biden might as well just ignore the debt ceiling and continue like nothing happened. Congress already ordered him to spend the money and issue new bonds, debt ceiling or not. Doing the "coin thing" is an unnecessary intermediate step.
If the SCOTUS doesn't like Biden going around the debt ceiling and they rule that debt ceiling overrules Congressional budget and spending laws, then they will do it no matter what gimmick/excuse you use to get around it.
Biden might as well just ignore the debt ceiling and continue like nothing happened.
You can't deposit the coin without asking the Deputy Undersecretary of the US Treasury for permission to open the little "Deposit" box at the center of the Treasury office, and he's saying he won't turn the key, so there's literally nothing we can do.
"Mint the coin" seems similar to what some religious weirdos do in order to "cheat God". Everyone knows what is being done here, Biden might as well just ignore the debt ceiling and continue like nothing happened. Congress already ordered him to spend the money and issue new bonds, debt ceiling or not. Doing the "coin thing" is an unnecessary intermediate step.
If the SCOTUS doesn't like Biden going around the debt ceiling and they rule that debt ceiling overrules Congressional budget and spending laws, then they will do it no matter what gimmick/excuse you use to get around it.
No! If you disobey the teachings of Economics, you must mint the $1T “coin of shame”
You can't deposit the coin without asking the Deputy Undersecretary of the US Treasury for permission to open the little "Deposit" box at the center of the Treasury office, and he's saying he won't turn the key, so there's literally nothing we can do.