Can America's debt crisis be solved with a single coin?
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CHICAGO (FOX 32 News) -
There's a new push for an unusual and very simple solution to America's debt crisis: a single coin worth one trillion dollars.
The idea is that the government is allowed by law to mint platinum coins of any value. So, the coin would be made and then deposited in the treasury to give the country more debt wiggle room.
But critics say such a drastic measure could lead to massive inflation.
Of course, the real question is: whose face would go on the coin?
Tuesday, June 18 2013 2:56 PM EDT2013-06-18 18:56:25 GMT
After collecting tens of thousands of dollars for themselves on Wednesday, members of the General Assembly plan to kick the can of public employee pension reform down the road for at least one more month.
After collecting tens of thousands of dollars for themselves on Wednesday, members of the General Assembly plan to kick the can of public employee pension reform down the road for at least one more month.
Human rights advocate Marianne Elliot wrote "Zen under Fire," a powerful memoir about her experience as a U.N. peacekeeper in war-torn Afghanistan. She also does yoga to de-stress in her everyday life.
Human rights advocate Marianne Elliot wrote "Zen under Fire," a powerful memoir about her experience as a U.N. peacekeeper in war-torn Afghanistan. She also does yoga to de-stress in her everyday life.
Monday, June 17 2013 3:09 PM EDT2013-06-17 19:09:21 GMT
On the first day of deliberation, the jury hearing former Chicago alderman Ambrosio Medrano's trial found him guilty of bribery. He could face up to five years in prison.
On the first day of deliberation, the jury hearing former Chicago alderman Ambrosio Medrano's trial found him guilty of bribery. He could face up to five years in prison.
Monday, June 17 2013 2:44 PM EDT2013-06-17 18:44:33 GMT
A spokeswoman for Gov. Pat Quinn says he has fully backed the tough pension proposal supported by the Illinois House and has "fought hard" to get it passed.
A spokeswoman for Gov. Pat Quinn says he has fully backed the tough pension proposal supported by the Illinois House and has "fought hard" to get it passed.
Monday, June 17 2013 12:03 PM EDT2013-06-17 16:03:54 GMT
Carla Oglesby is accused of using fake contracts to scam hundreds of thousands of dollars to herself and her friends, from local vendors. She was first arrested nearly three years ago.
Carla Oglesby is accused of using fake contracts to scam hundreds of thousands of dollars to herself and her friends, from local vendors. She was first arrested nearly three years ago.
Friday, June 14 2013 9:36 PM EDT2013-06-15 01:36:02 GMT
Lawyers for Jesse Jackson Jr. assert in a court filing that the former Illinois congressman's mental health may worsen if he is given a lengthy prison sentence.
Lawyers for Jesse Jackson Jr. assert in a court filing that the former Illinois congressman's mental health may worsen if he is given a lengthy prison sentence.
Friday, June 14 2013 8:46 PM EDT2013-06-15 00:46:35 GMT
Political observers will be closely watching as New Jersey Gov. Chris Christie participates in a discussion at the Clinton Global Initiative in Chicago.
Political observers will be closely watching as New Jersey Gov. Chris Christie participates in a discussion at the Clinton Global Initiative in Chicago.
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