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Trillion-dollar coin concept design by artist DonkeyHotey, featuring a similar obverse design to the reverse of the Presidential dollar series. The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high ...
Treasury Secretary Janet Yellen said she is against the $1 trillion dollar coin idea, which has been floated around as a way to curb the impending debt ceiling, calling it a "gimmick" in a CNBC...
Impressed, Johnson reveals to Homer that in 1945, President Harry S. Truman printed a one trillion-dollar bill to help reconstruct post-war Western Europe and enlisted Montgomery Burns to transport the bill. However, it never arrived and the FBI suspects Burns still has it with him. Homer is sent in to investigate.
The 14th amendment and a trillion dollar coin. The trillion-dollar coin idea, which first originated in the 1990s, stems from a section of the U.S. code that authorizes new platinum coins with the ...
One of his most-cited works on migration is Economics and Emigration: Trillion-Dollar Bills on the Sidewalk published in the Journal of Economic Perspectives in 2011. [1] In this paper, he investigates why economists spend much more time studying the movement of goods and capital and much less time studying the movement of people.
A $5 bill, on the other hand, lasts 4.7 years, $10 bills last 5.3 years, $20 bills last 7.8 years, the $50 bill lasts 12.2 years and $100 bills are expected to last 22.9 years. Kativ / Getty Images
The goal outlined in the Budget Control Act of 2011 was to cut at least $1.5 trillion over the coming 10 years (avoiding much larger "sequestration" across-the-board cuts which would be equal to the debt ceiling increase of $1.2 trillion incurred by Congress through a failure to produce a deficit reduction bill), therefore bypassing ...
The House voted to pass its yearly defense bill Wednesday, adding about another $1 trillion to the $36 trillion national debt. The 1,800-page bill known as the National Defense Authorization Act ...