how the $1 trillion coin minted by the United States and deposited into the treasury doesn’t help resolve the outstanding debt without ramifications.
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Because its just an accounting trick, it doesn’t actually do anything meaningful except allow the Treasury to do what it was already doing, but without Congress passing a new law. Its not crediting new money, its not taking the place of taxes, its not ignoring any debt or anything, all its doing is telling the Treasury “you are allowed to burrow an additional $1 trillion” which is no different than if Congress increased the debt limit by $1 trillion.
The issue with the coin isn’t economic, but legal and political. Is this something the President can even do? And if he does do it, will this have other legal or political consequences later? And even if it does, is it a good idea for the President to find legal tricks to do things because Congress refuses to?
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