Jack Balkin on Ways the President Can Bypass the Debt Ceiling

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1 Response

  1. Ken Rhodes says:

    Clearly, a trillion dollar coin would be less expensive to mint than a trillion one-dollar Susan B Anthonys.

    I like the idea of the property options. Just think, though, if the Fed decided to *exercise* them. We might even be able to protect wonderful properties like Fort Monroe and The Presidio from becoming condo developments.

    I think Prof Balkin got something haywire, though, on the property options deal. After Congress raises the ceiling, the Fed would have to sell them back at the same price they paid, rather than a dollar. Otherwise the books would be forever out of balance.