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View Diary: Balkin: There will be no default, as the president already is using the 14th Amendment (362 comments)

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  •  Robbin Peter to pay Paul won't cut it (1+ / 0-)
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    3goldens

    in the bond markets. Unless the debt ceiling is raised, the economy will suffer, Americans will take note, and the President will be toast.

    And, I have no doubt that Obama will use what is technically a default to make a deal that will change the  SS COLA formula and raising the retirement age while claiming that he didn't have a choice.

    And, if that happens, I pledge to either not cast a vote for any presidential candidate or vote for a third party candidate or write in a vote for "Bisquit".

    Bisquit is the name of my dog.

    Honesty pays, but it doesn't seem to pay enough to suit some people. Kin Hubbard

    by Mr Robert on Sat Jul 30, 2011 at 04:41:43 PM PDT

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