Va. Delegate Proposes Alternative Currency

January 11, 2011

Gov. Bob McDonnell says he can't support legislation to consider adopting an alternative currency to the dollar should the federal reserve system collapse.

During a Tuesday morning appearance on radio station WNIS, McDonnell says the proposal offered by Republican Del. Bob Marshall violates the U.S. Constitution.

The Prince William delegate says Virginia should mint its own coins and wants the General Assembly to consider the proposal during this year's session. The session begins Wednesday.

The governor says currency is the responsibility of the federal government, not the states.

McDonnell says proposals like Marshall's arise out of fear about frightening levels of debt the federal government has taken on.

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