When I heard about the idea for a trillion dollar coin minted in platinum and presented to the federal reserve as some bizarre bargaining chip that would free us from a portion of the staggering 16 trillion dollar debt that looms over the head of every American, I was intrigued. I thought to myself, “Hmmm, that seems logical.”
Then I realized that a trillion dollar coin that we mint purely for the purpose of paying off our own debt is a staggeringly stupid idea.
Sure, a coin with a bald eagle AND the statue of liberty on it is the most patriotic thing that I can think of, but is it very American to want to bail ourselves out with money that we don’t have using a coin that we made up purely for the purpose of bailing ourselves out of incomprehensible debt?
Would the founding fathers have minted a multimillion dollar coin to handle over to the British so they could save them the cost of a war so they wouldn’t have to fight and neither would we?
No. They would have done what they ultimately did- they sacked up and faced their problems head on without asking questions. I understand the concept of a trillion dollar coin to raise the debt ceiling, but it’s such a coward’s way out. Surely, there must be a better way to accomplish what we need to.
Let’s not blame Barack Obama or congress- sure, they share some of the blame, but it’s unfair to dump it all on them solely. Let’s blame ourselves as a nation and see where we can go from here.