Trouble Arises for the Platinum Coin Campaign

Reporting on Politics and Policy.
Jan. 7 2013 5:45 PM

Trouble Arises for the Platinum Coin Campaign

Rep. Greg Walden, who's running the House GOP campaign operation for 2014, warns Democrats to knock it off with the "trillion dollar platinum coin to avoid the debt limit" campaign.

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...  My bill will take the coin scheme off the table by disallowing the Treasury to mint platinum coins as a way to pay down the debt.
Advertisement

All well and good, but such a bill would need to pass Harry Reid's Senate, so this is a counter-stunt response to a piece of performance art. The larger problem with the platinum coin solution, which few Republicans seem to notice, is that Congress would get to pick the design of the coin -- the coin could be minted, but there's a question about whether it would have value.

It's always felt like the coin discussion is Democrats' way of forcing the issue of another, less oddball solution, so that it's getting this far is a sort of victory.

David Weigel is a reporter for Bloomberg Politics

TODAY IN SLATE

Foreigners

The World’s Politest Protesters

The Occupy Central demonstrators are courteous. That’s actually what makes them so dangerous.

The Religious Right Is Not Happy With Republicans  

The XX Factor
Oct. 1 2014 4:58 PM The Religious Right Is Not Happy With Republicans  

How Did the Royals Win Despite Bunting So Many Times? Bunting Is a Terrible Strategy.

Federal Law Enforcement Has Declared War on Encryption

Justice and the FBI really do not like Apple’s and Google’s new privacy measures.

Homeland Is Good Again! For Now.

Crime

Operation Backbone

How White Boy Rick, a legendary Detroit cocaine dealer, helped the FBI uncover brazen police corruption.

Music

How Even an Old Hipster Can Age Gracefully

On their new albums, Leonard Cohen, Robert Plant, and Loudon Wainwright III show three ways.

The One Fact About Ebola That Should Calm You: It Spreads Slowly

Piper Kerman on Why She Dressed Like a Hitchcock Heroine for Her Prison Sentencing

  News & Politics
Politics
Oct. 1 2014 7:26 PM Talking White Black people’s disdain for “proper English” and academic achievement is a myth.
  Business
Moneybox
Oct. 1 2014 2:16 PM Wall Street Tackles Chat Services, Shies Away From Diversity Issues 
  Life
Outward
Oct. 1 2014 6:02 PM Facebook Relaxes Its “Real Name” Policy; Drag Queens Celebrate
  Double X
The XX Factor
Oct. 1 2014 5:11 PM Celebrity Feminist Identification Has Reached Peak Meaninglessness
  Slate Plus
Behind the Scenes
Oct. 1 2014 3:24 PM Revelry (and Business) at Mohonk Photos and highlights from Slate’s annual retreat.
  Arts
Brow Beat
Oct. 1 2014 6:39 PM Spoiler Special: Transparent
  Technology
Future Tense
Oct. 1 2014 6:59 PM EU’s Next Digital Commissioner Thinks Keeping Nude Celeb Photos in the Cloud Is “Stupid”
  Health & Science
Science
Oct. 1 2014 4:03 PM Does the Earth Really Have a “Hum”? Yes, but probably not the one you’re thinking.
  Sports
Sports Nut
Oct. 1 2014 5:19 PM Bunt-a-Palooza! How bad was the Kansas City Royals’ bunt-all-the-time strategy in the American League wild-card game?