14th Amendment Was Designed to Stop a Bunch of White Southerners From Messing with the Government

By: Tuesday October 15, 2013 8:50 am

There was a time when there were serious concerns that that a bunch of Southern white male politicians, unhappy that they didn’t win a previous presidential election, would use default to try to get their way — or to simply ruin things for everyone else out of spite. That time was right after the Civil [...]

The US Supreme Court Won’t Destroy the World Economy

By: Wednesday January 9, 2013 7:52 am

Ultimately it is the Supreme Court who decides the legality of unilateral ways to avoid the debt limit, be it with a platinum coin, invoking the 14th Amendment, or moral obligation coupons. But the only way the Supreme Court could end up ruling on one of these actions is if President Obama actually uses one to avoid the looming crisis, then someone with standing sued him, and the Court decided to take the case.

The Three Ways the Debt Ceiling May Be Dealt With

By: Friday January 4, 2013 11:08 am

The next looming fight in Congress is clear and the battle lines have already been drawn. The debt ceiling will be reached in roughly two months. President Obama claims that he will not negotiate over it again. Meanwhile Republicans are demanding spending cuts with no tax increases in exchange for raising the debt limit. Republicans [...]

Three Reasons to Doubt Obama Will Hold Firm on the Debt Limit

By: Wednesday January 2, 2013 11:04 am

President Obama again re-affirmed his line in the sand over the debt ceiling saying, “while I will negotiate over many things, I will not have another debate with this Congress over whether or not they should pay the bills that they’ve already racked up through the laws that they passed.” While his statement sounds firm [...]

The Next Debt Ceiling Deal Will Likely Be Much Worse

By: Wednesday August 3, 2011 1:41 pm

There should be no doubt that one of the most dangerous aspects of this current debt ceiling deal, is that it set a precedent for Republicans turning every future debt ceiling increase in the future into another hostage situation to force spending cuts. As Republican Senate Minority leader Mitch McConnell put it: “What we have [...]

There will be Plenty of new Hostages to Choose from in the Near Future

By: Tuesday August 2, 2011 8:05 am

Over at Politico Byron Tau and Ben Smith are raising the red flag about the possibility of Republicans using the expiration of the 18.4 cent per gallon gas tax on September 30th as their new hostage in the next stage of disaster legislating. The anti-tax Republicans are already making noises about not extending this tax. [...]

At this Point a “Victory” for Democrats Would Still be Devastating

By: Friday July 29, 2011 1:29 pm

With Speaker John Boehner’s plans in the House in disarray, it looks like the only legislative vehicle that still has a chance of passing before August 2nd is some form of Senate Majority Leader Harry Reid’s plan. The most likely path for the Reid plan passing Congress is by getting most of its support form [...]

More Top Democrats Come Out in Support of 14th Amendment Solution

By: Friday July 29, 2011 7:45 am

With only four days left until the August 2nd deadline and no deal in hand, more and more of the top Congressional Democrats have been coming out in support of the President using the 14th Amendment to ignore the debt ceiling. Yesterday the House’s second ranking Democrat Steny Hoyer (D-MD) came out strongly in favor [...]

Push for 14th Amendment Solution Grows Stronger

By: Wednesday July 27, 2011 10:37 am

With Congress possibly unable to pass a debt ceiling increase by August 2nd, the push for President Obama to use the 14th amendment grew significantly today. From The Hill: Addressing the Democratic Caucus Wednesday morning, Rep. James Clyburn (S.C.) the third-ranking House Democrat, told members that Obama should veto any short-term debt-limit increase that lands [...]

The American People Should Know Just How Stupid the Debt Ceiling is

By: Tuesday July 26, 2011 1:13 pm

I think a big problem with the politics of this debt ceiling fight is that the American people don’t know how incredibly stupid the concept of the debt ceiling really is. This is why the only real highlight from President Obama’s rather bizarre public address yesterday was, for me, that he finally started trying to [...]