Thirty years on a casino floor and I never once saw a $250 chip.

I worked the floor in Atlantic City for thirty years. Bartender, then pit boss, then whatever you call a man who watches other men make bad decisions for a living. In all that time, across every table and every cage, I never once handled a $250 anything. You know why? Because $250 is not a number. It is a number a guy invents when he wants something round that sounds important and does not exist. Like a $7 bill. Like a Tuesday holiday.

Now the Treasury wants to print one. With a face on it. A living face. The President’s face.

Here is the part where it stops being funny and starts being expensive.

Federal law on this is short and clear. Only a dead person goes on the money. That is the whole rule. You have to be gone before you get the honor, which is the one piece of modesty the country built into its own wallet. The Washington Post reported that Treasury appointees leaned on the Bureau of Engraving and Printing to draw it up anyway. Four people told them so. The Treasurer, a fella named Brandon Beach, has been pushing the printers to move faster.

Faster toward what? The law says no. So they are doing the design first and the legality second, which is roughly how I used to run a bar tab at three in the morning, and let me tell you, that order of operations never ends with anybody keeping their dignity.

The Secretary went on television to say it was all very normal.

Scott Bessent, the Treasury Secretary, stood at the White House and explained there is legislation in front of the House and the Senate to change the rule so that, and I am quoting him, “a living person, Donald J. Trump, could be on a $250 bill.” Then he added that he did not think there was “anything untoward” about it.

Untoward. That is a casino word. We used it for the guys counting cards and the guys palming chips off the felt. It means the thing you keep insisting is fine is the exact thing you already know is not.

They are calling it a commemorative note for the country’s 250th birthday.

Two hundred and fifty years, $250 bill. Cute. The math lines up so clean you can almost hear it being reverse-engineered in a conference room. The nation turns 250, and the present it buys itself is a portrait of the man currently sitting in the chair.

I knew a guy once who put his own photograph on the staff Christmas card. Just the one year. We did not invite him back. The country, apparently, holds itself to a lower standard than a Boardwalk break room.

I don't think that there's anything untoward about
FINAL · /100

The breakdown.

  • Factual basis The Washington Post investigation cited four current and former employees. NPR, CBS, CNN and Al Jazeera all confirmed it, and the Treasury Secretary verified the design on camera.
    24/25
  • Self-awareness Nobody in the building appears to have flinched at the idea of a sitting president drawing up his own portrait for the cash.
    5/20
  • Staff containment The Treasury did not contain it. The Treasury designed it, and the Secretary defended it from the White House podium.
    4/20
  • Recovery attempt Officials noted the circulating mock-ups 'are not real,' then confirmed a real one exists.
    5/15
  • Public spectacle A Washington Post investigation, every major wire, and a televised defense by the Treasury Secretary.
    18/20

Was this dumb enough?

Members can adjust the score. Become a member.

Underlying fact — Washington Post