In a blow to the movement's supporters, the U.S. Treasury announced Saturday that it would not mint a $1 trillion platinum coin in order to ensure the nation's creditworthiness should Congress fail to raise the debt ceiling.Acknowledging that money is just a tool means you have to explain why money is so poorly distributed. You could mint the trillion and pay it into Social Security and it would be fine. Or pay off mortgages. Or make food stamps. Or subsidize day-care.
”Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,” said Treasury spokesman Anthony Coley in a statement obtained by TPM.
It doesn't serve the existing order to prove that the river of money flowing to the assholes is just a game and not divine recognition of worthiness.
