Early indications seem to point in the direction of the White House wanting to avoid a debate over executive power.
The debate over minting a $1 trillion coin hinges on a relatively obscure law that allows the Treasury to mint platinum coins in any denomination he sees fit.
The legal clause grants the secretary of the Treasury the right to mint and issue platinum coins in any quantity or denomination he chooses. Following the creation of the coin, he might deposit it at the Federal Reserve, providing the Reserve with the ability to continue its buying and selling operations.
When Congress raised the ceiling again, the administration could then take the platinum coin and destroy it. With Treasury Secretary Timothy Geithner remaining a close ally of Obama, it seems unlikely he would reject an order if given.
And, only God can make a tree, but look what Obama can do.
