End austerity: Mint the 60 trillion dollar coin

A 1996 law gives the executive authority to mint coins w/arbitrarily large face values and deposit them at the Fed. The President should immediately mint a $60 trillion coin, and use the proceeds to pay off the national debt completely, cover all likely deficit spending by Congress over the next 15 years, and take the issue of spending cuts in programs that benefit the 99% off the table! Google "$60 Trillion coin" for background!