https://hotair.com/headlines/archives/2013/01/09/washington-goes-platinum/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 08:14:21 -0400<![CDATA[As we once again approach the legal limits, left-liberal commentators, most notably Paul Krugman, are now getting behind the idea that the President ought to exploit his own loophole: a law passed allowing the government to mint platinum coins of any denomination. If the GOP won’t raise the debt ceiling, they say, the president should simply mint a $1 trillion coin, deposit it at the Fed, and continue paying the nation’s bills. Never mind that the law was never intended for this, and that these sort of hypertechnical legislative games might trigger the very political and financial crises they are supposed avert. Seemingly, the most important thing is for the president to defeat intransigent Republicans—even if that means that the president “for all Americans” who once spoke of winning the future and healing the planet will be reduced to presiding over the Franklin Mint.]]>Wed, 09 Jan 2013 13:20:10 -0500<![CDATA[Erika Johnsen]]>https://hotair.com/headlines/2013/01/09/washington-goes-platinum-n99048