"The Congress of the United States must soon locate its jack...and begin working the crank...until it elevates the existing debt roof to clear space for additional spending...else the lights go dark...and the federal government 'shuts down'."
"On the face of it, Janet Yellen could mint a platinum coin with a face value of $1 trillion – no, it needn't include $1 trillion worth of platinum – deposit it at the Federal Reserve and draw on that account to keep paying the government's bills without borrowing."
"The statute clearly does authorize the issuance of trillion-Dollar coins."
"I'm opposed to it and I don't think we should consider it seriously. It's really a gimmick...[It] is equivalent to asking the Federal Reserve to print money to cover deficits that Congress is unwilling to cover by issuing debt..."