how the $1 trillion coin minted by the United States and deposited into the treasury doesn’t help resolve the outstanding debt without ramifications.

Question

how the $1 trillion coin minted by the United States and deposited into the treasury doesn’t help resolve the outstanding debt without ramifications.

In: 141

Answer 1

Well, you can’t spend that coin, so it’s pretty pointless. The US has been running a deficit since the Clinton administration and while the coin could make the treasury look better, it couldn’t be used to pay off the bonds the treasury issues, so it doesn’t actually do anything.