McDonnell Won't Sign Off on Va. Mint

Marshall proposal a no-go, he says

Gov. Bob McDonnell said 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 said the proposal offered by Republican Delegate Bob Marshall violates the U.S. Constitution.

Last week the Prince William delegate said Virginia should mint its own coins. Marshall wants the General Assembly to consider the proposal during this year's session, which begins Wednesday.

McDonnell said currency is the responsibility of the federal government, not the states. However, the governor added  that proposals like Marshall's arise from fear about frightening levels of debt the federal government has accrued.

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