Cramer Quick Take: A Trillion-Dollar Coin Is Silly
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
NEW YORK ( TheStreet) -- These are crazy times when a joke about minting a trillion-dollar coin to end the U.S. debt problems becomes serious, Jim Cramer told TheStreet.com's Debra Borchardt Wednesday.
"I like the fact it's talked about in the context of what the heck is going on in Washington," Cramer added. "But it's silly. What we really need is spending cuts. We got tax increases, now we need spending cuts."
To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.-- Written by Margo D. Beller in New York. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts