According to the National Republican Congressional Committee, President Barack Obama, U.S. Rep. Ann McLane Kuster and other Washington Democrats have a platinum target on their backs.
That’s because some economists and legal scholars say Obama – and, by extension, other Washington Democrats – could solve the nation’s debt limit problem by taking advantage of an obscure law to mint platinum coins, which Obama could use to offset the debt and avoid a standoff with House Republicans over spending cuts. Under this theory, as little as an ounce of platinum could be used to mint a coin with a denomination of $1 trillion.
Neither the White House nor Kuster, the target of a recent attack by the GOP congressional group, have commented on the matter.![]()
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