Ok, the full premise is, "serious people are saying the trillion dollar coin might be the solution to a looming U.S. debt crisis." If you've been paying attention lately you'd have seen "trillion dollar coin" pop up in commentary and the like. Here's the idea behind the trillion dollar coin.
"The coin gambit relies on an obscure law, intended to meet demand from collectors, that allows the Treasury to mint platinum coins in any denomination.
If Congress refuses to raise the debt ceiling, the Treasury can’t issue any more bonds, but it could stamp “$1 trillion” on a hunk of metal, deposit it at the Federal Reserve and begin spending the proceeds."
Yes, serious people think this just might hide the fact that revenue covers only 1/3 of government's actual spending. So hey, guys, let's stick a fake trillion dollar coin in the federal reserve and make people think we have an actual trillion dollars to play with.
Gee, I wish we could create a large amount coin down in the basement and use to pay our bills.
Cashiers won't even accept the average 20 dollar bill in the checkout line without examining it every which way and under 3 kinds of light and we're supposed to believe serious government creditors will accept a fake trillion dollar coin as real repayment money?