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View Diary: Why The Debt Limit Fight Will Be A Political Face-Off With No Gimmicks Or Constitutional Crisis (208 comments)

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  •  There is a law, the Declaratory Judgement Act (1+ / 0-)
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    under which Treasury could seek a ruling in District Court and if they loose get an expedited appeal to the DC Circuit. I doubt the Constitutional "case or controversy" requirement, referred to as standing, would present a bar. But, as I said, it's a lot more complex.

    Further, affiant sayeth not.

    by Gary Norton on Tue Jan 15, 2013 at 01:22:02 PM PST

    [ Parent ]

    •  Ah then... (1+ / 0-)
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      Gary Norton

      You are the one better versed in these things.

      Regardless however I'd maintain the second part of my argument which is that it would represent a huge risk and there is, as far as I can discern, no compelling reason why either side would want to take that risk...unless of course one of those sides is simply crazy.

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