Could a Trillion-Dollar-Coin End the Debt Debate?

The video discusses the U.S. debt ceiling, which limits government borrowing to pay for past spending. Some Republicans oppose raising it, risking a default. A proposed solution is minting a trillion dollar coin, but its legality is uncertain and could lead to lawsuits. The coin could also affect the Fed's independence and increase inflation. Ultimately, the coin is not seen as a viable long-term solution to the debt ceiling issue.

What is the primary function of the debt ceiling?

• To reduce government spending

• To control inflation

• To limit government borrowing

• To increase taxes

What could happen if the US does not raise the debt ceiling?

• The US would default on its debts

• The US would reduce its spending

• The US would increase its borrowing

• The US would have a budget surplus

What is the trillion dollar coin proposal intended to address?

• To increase taxes

• To reduce inflation

• To bypass the debt ceiling

• To increase government spending

What is a potential legal issue with the trillion dollar coin?

• It would require Congressional approval

• It could lead to increased taxes

• It might be considered illegal

• It would automatically reduce the debt

Why is the trillion dollar coin not considered a long-term solution?

• It would permanently solve the debt issue

• It would eliminate the need for a debt ceiling

• It would increase government revenue

• It would last only about seven months