Since debt ceiling debate has all but collapsed, with the GOP unwilling to concede even one dollar of taxes to offset the budget deficit, and with the Democrats appearing more than willing to compromise but without any real balls to back it up, it's time for President Obama to take out his very substantial and powerful sword. He needs to invoke Section 4 of the Fourteenth Amendmen to the US Constitution, which reads: "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."
More on this from my hero on the right,
Bruce Bartlett, who writes:
It goes without saying that provoking a constitutional crisis over the debt limit is a bad idea, but a debt crisis would be worse. At a minimum, the Fourteenth Amendment greatly strengthens the president’s hand in getting the debt limit increased in a timely matter. He should not be afraid to use it.
This will bring the GOP into line. Let them try to argue against the President on the constitutionality of his actions. Since both houses of Congress would need to agree to bring suit against Obama on this action, it's a moot point, anyway.
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