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Motown_Johnny

(22,308 posts)
2. I prefer the 14th Amendment route. Decreasing the value of the U.S. Dollar
Fri Jan 4, 2013, 09:48 AM
Jan 2013

by artificially creating a trillion dollar coin , which in reality has nowhere near that value, can't possibly be the answer.

I'm afraid that the backlash to such a move may just make things worse.

http://www.archives.gov/exhibits/charters/constitution_amendments_11-27.html

^snip^

Section 4.

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.





This seems like a more permanent answer to the problem.

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