Joe Weisenthal http://www.mrc.org/taxonomy/term/22314/all en Left Swoons for Loony ‘Magic Coin’ Plan http://www.mrc.org/articles/left-swoons-loony-magic-coin-plan <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Campaign in full swing to have Treasury invent trillion-dollar denomination to stave off spending cuts. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>The left must think Treasury Secretary Tim Geithner is a magician, since they think funds to evade the debt ceiling can be conjured up in the form of a platinum coin. <br /><br />The left-wing blogosphere has been promoting a loony idea to prevent the GOP from being able to cut spending in debt ceiling negotiations. The idea has gained traction with a Bloomberg News contributor and well-known liberal economist Paul Krugman, and being heavily promoted by sites like Huffington Post. So many people are talking about it that it has a Twitter hashtag: #mintthecoin.<br /></p><p><a href="http://www.mrc.org/articles/left-swoons-loony-magic-coin-plan" target="_blank">read more</a></p> Articles MRC Business Economy Government Media CNN coin Fed Fox News huffington post Joe Weisenthal Josh Barro Kevin Drum mint the coin minthecoin MSNBC Paul Krugman platinum Ralph Benko spending cuts Tim Geithner Time Magazine treasury trillion dollar coin Washington Post Wed, 09 Jan 2013 19:18:23 +0000 julia.seymour 42185 at http://www.mrc.org