It seems that the theater of the absurd and cacophony of stupidity over raising the debt ceiling isn't going to end before the deadline of August 2nd. Listening to the clutch of clowns that waffle, weasel and finger point on the tube about something that shouldn't even be an issue gives me more gas than 3 chili dogs and a six pack of warm beer.
I doubt they will act until the last minute of TV face time has passed – if they act at all. If, however, they let the time expire and the nation faces default then Obama must invoke the provisions of the 14 th amendment.
....beyond the squiggly thingy...
Ken Allen wroteon Huffington Post,
Silliness about the debt ceiling has risen to the absurd. Anyone who steps back from the swirl of current arguments will immediately see that there is an easy, almost unavoidable exit from our current paralysis, and President Obama controls it. If Congress cannot reach agreement on terms for raising the debt ceiling, President Obama will have the inescapable duty to invoke the 14th Amendment and continue to pay U.S. debts. He may not like that option. He may be opposed to it in principle. But he will be compelled to take it unless he is seriously deluded about the state of the world.
...snip...
From a progressive, fiscally responsible, and security-conscious point of view, the consequences of presidential action would almost all be positive. Once the president ignores the debt ceiling there will be no going back. The world will understand that any future president, faced with the same situation, will have to take the same action. The full faith and credit of the United States will remain inviolate. Congress might as well stop enacting a debt limit. Not only will it not be enforceable, it will be universally perceived as meaningless.
Let the Teapublicans try to take it to the SCOTUS. It's my understanding (which could well be wrong) that there must be an “injured” party to challenge the action and bring it before the court. So who is the injured party – the Tea party? – Grover Norquist? I can't think of any individual, group, or business that would have the standing to challenge the President's action.
If that's the case, then Obama should tell the Rethugs to stick their bullshit and get back to the business that has to be done. If Congress won't uphold the dictates of the Constitution then the President has no choice but to act.
It's called leadership