Legend of trillion-dollar coin grows as White House declines to rule it out

All the White House had to do Wednesday was rule it out.

For days, the press and the pundits were abuzz with the fanciful notion that maybe -- just maybe -- the Treasury Department could avert a standoff over the debt ceiling by minting a cure-all trillion-dollar coin.

Surely, the White House would dash the idea, no?

But when asked, repeatedly, about the possibility, White House Press Secretary Jay Carney hedged.

Then he hedged again. And again.

And the legend of the trillion-dollar coin continued to grow.

Lawmakers are now railing against the idea, which has -- left unchecked -- become a seemingly legitimate point of debate. The National Republican Congressional Committee has launched a petition urging people to oppose the use of trillion-dollar coins to address any debt crisis.

NRCC Chairman, Rep. Greg Walden, R-Ore., says he plans to introduce a bill to short-circuit any such plan.

"This scheme to mint trillion-dollar platinum coins is absurd and dangerous, and would be laughable if the proponents weren't so serious about it as a solution. I'm introducing a bill to stop it in its tracks," he said in a statement.  Full Article   Nutty News Today – Nutty News Videos