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Detailed text transcripts for TV channel - MSNBC - 20121206:05:21:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20121206:05:21:00

Prescribe from time to time. that's pretty broad. so according to current existing law, and this is actually true, the government could, for instance, strike a coin tomorrow at the united states mint at west point and as long as it was platinum, the secretary of treasury could decree that this new coin was worth $1 trillion. doing so would solve a really big problem that's looming on the horizon. secretary of treasury could then take the $1 trillion coin, deposit in its account at the federal reserve, and use the money to write checks to pay our debts, even if congress refuses to raise the deb...

Detailed text transcripts for TV channel - MSNBC - 20121206:02:21:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20121206:02:21:00

Law, and this is actually true, the government could, for instance, strike a coin tomorrow at the united states mint at west point and as long as it was platinum, the secretary of treasury could decree that this new coin was worth $1 trillion. doing so would solve a really big problem that's looming on the horizon. because, theoretically, the secretary of treasury could then take the $1 trillion coin, deposit in its account at the federal reserve, and use the money to write checks to pay our debts, even if congress refuses to raise the debt ceiling. ah, yes, the debt ceiling. do you remember t...