SpendingIsTheProblem: Do the Math: All The Platinum In The World Still Couldn’t Pay Off The Obama-Maloney Debt

For Immediate Release                                                                                                                          Contact: Press Office January 9, 2013                                                                                                                                                        (202) 479-7070


Do the Math: All The Platinum In The World Still Couldn’t Pay Off The Obama-Maloney Debt



It’s Time For Sean Patrick Maloney To Sign The NRCC Petition Telling President Obama That Spending Is The Problem


WASHINGTON – Heard of that trillion-dollar platinum coin Democrats want? Well, even if you took literally every single ounce of platinum in the world, it still wouldn’t add up to enough needed to pay down our nation’s debt. Yet President Obama and Washington Democrats like Sean Patrick Maloney continue to support policies that bankrupt our country.


It’s time for Maloney to sign the National Republican Congressional Committee’s petition and tell President Obama that we don’t need trillion-dollar coins – we need to cut spending. The petition can be found at www.nrcc.org/spending.


“Washington Democrats believe our country’s fiscal mess can be saved by minting magic coins,” said NRCC Communications Director Andrea Bozek. “Sean Patrick Maloney and his liberal allies are bankrupting our country. It’s time for Maloney to tell President Obama and Nancy Pelosi that spending is the problem.”


In A Meeting With Speaker John Boehner, President Obama Said Our Country Doesn’t Have A Spending Problem. “‘At one point several weeks ago,” Mr. Boehner says, “the president said to me, ‘We don’t have a spending problem.’” (Stephen Moore, The Education Of John Boehner, The Wall Street Journal, 1/6/13)


Rep. Greg Walden Introduced A Bill To Banning The Creation Of Trillion-Dollar Platinum Coins. “Lawmakers are still positioning themselves for a debt ceiling fight in a few months, but one Republican congressman wants to snuff out a particular idea immediately: the U.S. Treasury minting $1 trillion platinum coins to avert a debt ceiling showdown. Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama from minting the coins.” (Bobby Cervantes, “Greg Walden’s Bill Bans Minting $1T Coin,” Politico, 1/7/13)




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Bazzo 01/10/13

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