General Discussion
In reply to the discussion: OK Mr. President--- What is the contingency plan? [View all]regnaD kciN
(27,655 posts)Asking for PBO to come up with some miraculous cure is only buying into the Teapublican meme that "the President could avoid the default, if he really wanted to" -- which is the rationale they will use to call for HIS impeachment after THEY force the country into default.
Besides, even the unusual methods proposed (like the trillion-dollar coin, declaring the debt limit unconstitutional, and so on) wouldn't stave off the damage in the international financial community, which needs to see us regain a stable process of paying our debts, not gimmicks to keep from defaulting. And, while it would be emotionally-satisfying to see Obama enact those state-of-emergency powers demanded by Dubya, and ship the Tea-liban off to Gitmo, does anyone think we would avert any damage in the world economic community's eyes by doing so?