So Lets Say Obama Ignores the Debt Ceiling Come Thursday [View all]

[dballance]

Let's imagine this scenario. It's Thursday and no resolution to the crisis comes along. Then on Friday Obama declares a state of emergency or declares under the 14th Amendment that we have to pay our debts and instructs Treasury to issue bonds despite the lack of approval from Congress. Remember, the debt ceiling limit is a law, the 14th Amendment is the Constitution. There is some grounds for ignoring the law in favor of the Constitution.

So, national and global financial crisis averted. Markets stabilize after plummeting in after-hours trading on Thursday. The GOP House is pissed for having their supposed bargaining chip taken away from them - ostensibly forever now. In retribution for saving the national economy and the global economy the Tea Bagger wing of the GOP House draws up articles of impeachment.

Would those go anywhere? Would Boehner allow them to proceed in the House? Would it actually be a gift to Obama because it could cause the coverage of those articles of impeachment to drag on well into the 2014 election cycle and keep in the national conscience the fact that the Tea Baggers are nuts? This isn't a stain on a dress here. It's the global economy.

I think it would be a gift to Obama and the Dems in the 2014 elections. People are already pissed at the GOP. Impeachment for saving the global economy when people already see the GOP as petulant children bent on only serving their party interestss just might not play well.