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By anonimouse (Wed Jan 09, 2013 at 11:26:10 AM EST) (all tags)
Just when you think the Congress battle can't get any more stupid, there's this proposal to mint a $1trillion coin

Traditionally notes and coins have dead presidents and other important people on them.


 However as far as I know this coin would have no limitations on who can be on it. I reckon it should be a portrait of Obama laughing his head off and giving everyone the finger....


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or a boehner by gzt (2.00 / 0) #1 Wed Jan 09, 2013 at 11:34:48 AM EST
Just a suggestion.

Legally speaking by ucblockhead (2.00 / 0) #2 Wed Jan 09, 2013 at 11:41:53 AM EST
It would have the same limitations as other legal tender: no living people.

(Something that may have been broken of John Glenn.)

As I suggested on Facebook, the gravity of the situation demands this man be on the trillion dollar coin.
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[ucblockhead is] useless and subhuman

(Comment Deleted) by anonimouse (2.00 / 0) #3 Wed Jan 09, 2013 at 12:02:49 PM EST

This comment has been deleted by anonimouse



[ Parent ]
Not true by anonimouse (2.00 / 0) #4 Wed Jan 09, 2013 at 12:06:05 PM EST
 The section of the code is:

The Secretary may mint and issue platinum bullion coins and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary's discretion, may prescribe from time to time.

In other words, whatever the Secretary thinks is appropriate is fine and in compliance with 31 U.S.C 5112, including living people

Girls come and go but a mortgage is for 25 years -- JtL
[ Parent ]
In other words ... by lm (2.00 / 0) #10 Thu Jan 10, 2013 at 08:30:29 AM EST
... if the Secretary of the Treasury states that it is against the rules to put on a living person, then it is against the law to do so. Keep in mind that the US has many forms of laws, some are passed by congress, some are regulations issued by federal agencies, some are decisions of courts. All are laws. But some are easier to change than others.

There is no more degenerate kind of state than that in which the richest are supposed to be the best.
Cicero, The Republic
[ Parent ]
One unlikely to change is by wumpus (2.00 / 0) #13 Thu Jan 10, 2013 at 08:54:32 AM EST
the fourteenth amendment (section 4) which states:
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.
Of course that was one of those pesky reconstruction amendments that the Republican congress had to put their hands over their ears when they read the constitution.

Wumpus

[ Parent ]
"...authorized by law..." by ana (2.00 / 0) #15 Thu Jan 10, 2013 at 09:54:50 AM EST
would be the phrase to argue about.

I now know what the noise that is usually spelled "lolwhut" sounds like. --Kellnerin

[ Parent ]
how in the world by wumpus (2.00 / 0) #17 Thu Jan 10, 2013 at 03:12:44 PM EST
would congressional spending laws not be "authorized by law"? The president isn't allowed to go spending money willy-nilly*

Wumpus

*I really doubt any court would accept Jefferson's blank check to Lewis and Clark as legal precedent. Although I really don't know what happened with Bush the Least's $0.00 Iraq war budget.

[ Parent ]
Apparently... by ana (2.00 / 0) #18 Thu Jan 10, 2013 at 03:50:11 PM EST
they haven't authorized (by law) borrowing to cover the spending they authorized (by law).

Arguably, that's unconstitutional (see text you quoted from the 14th Amendment).  I think the President doesn't want to have that fight right now.

I now know what the noise that is usually spelled "lolwhut" sounds like. --Kellnerin

[ Parent ]
It's kind of an interesting trilemma by lm (2.00 / 0) #19 Fri Jan 11, 2013 at 05:45:43 AM EST
Executive branch defaults on debt -> breaks the constitution

Cut spending duly appropriated by Congress -> breaks the Congressional Budget Act

Ignore the debt ceiling -> breaks the debt ceiling law

The president has to break the law one way or the other if Congress doesn't raise the debt ceiling.


There is no more degenerate kind of state than that in which the richest are supposed to be the best.
Cicero, The Republic
[ Parent ]
wut? by ammoniacal (2.00 / 0) #6 Wed Jan 09, 2013 at 09:52:37 PM EST
Zombie Calvin Coolidge would like a word.

"To this day that was the most bullshit caesar salad I have every experienced..." - triggerfinger

[ Parent ]
No, by ucblockhead (2.00 / 0) #7 Wed Jan 09, 2013 at 10:30:00 PM EST
I don't think "silent Cal" would like a word.
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[ucblockhead is] useless and subhuman
[ Parent ]
minted: 1926; died: 1933 by ammoniacal (2.00 / 0) #8 Thu Jan 10, 2013 at 02:24:57 AM EST

"To this day that was the most bullshit caesar salad I have every experienced..." - triggerfinger

[ Parent ]
There he is by ucblockhead (2.00 / 0) #16 Thu Jan 10, 2013 at 11:33:02 AM EST
Not  having a word.
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[ucblockhead is] useless and subhuman
[ Parent ]
It's happened four times by lm (4.00 / 2) #11 Thu Jan 10, 2013 at 08:32:47 AM EST
http://www.usmint.gov/collectorsclub/funfacts/index.cfm?action=funFacts7

T.E. Kilby, 1921 Alabama Centennial

Calvin Coolidge, 1926 Sesquicentennial of American Independence.

Carter Glass, 1936 Lynchburg, Virginia, Sesquicentennial coin.

Joseph T. Robinson, 1936 Robinson-Arkansas Centennial coin.

Perhaps you're thinking of the 1886 law that prohibits the likeness of a living person on currency. The same distinction between currency and coin that leads to the loophole to be exploited by the trillion dollar platinum coin allows for likenesses of the living on coins.


There is no more degenerate kind of state than that in which the richest are supposed to be the best.
Cicero, The Republic
[ Parent ]
I certainly hope they do mint it by johnny (2.00 / 0) #5 Wed Jan 09, 2013 at 08:58:26 PM EST
As to whose face should be on it? Huey Long? Ronald Reagan? Rosa Parks? Alexander Stevens? Jefferson Davis? Dred Scott? Joshua Chamberlain? William Jennings Bryan? Margaret Thatcher?

I'm just throwing out some ideas here. . .

But as to the minting of the coin? For the love of Christ, please do it.

She has effectively checked out. She's an un-person of her own making. So it falls to me.--ad hoc (in the hole)

The obvious choice by lm (4.00 / 3) #9 Thu Jan 10, 2013 at 08:16:18 AM EST
His Imperial Majesty Emperor Norton I.

There is no more degenerate kind of state than that in which the richest are supposed to be the best.
Cicero, The Republic
[ Parent ]
According to Snow Crash by wumpus (4.00 / 3) #12 Thu Jan 10, 2013 at 08:46:45 AM EST
it should be Ed Meese. I'd ignore strict textual accuracy and put Ronald "the grandfather of the debt" Reagan on it (he was on the quadrillion dollar bill).

Wumpus

[ Parent ]
lol, Reagan by infinitera (4.00 / 1) #14 Thu Jan 10, 2013 at 09:04:02 AM EST
That would be great.

[…] a professional layabout. Which I aspire to be, but am not yet. — CheeseburgerBrown

[ Parent ]
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