Rationalization and Obligation, Part VI: What the President Ought to Do, What He Probably Will Do

By: Wednesday October 16, 2013 4:25 pm

If the President is obligated to obey the 14th amendment, then he should be doing whatever he can to use the other options to end the debt ceiling crisis. He should not be playing chicken with the Republicans over the debt ceiling and the shutdown. Both are dangerous to the economy, and there is a real risk of default in allowing the Treasury’s daily available balance to fall to the level it will be at as of October 17th.

 
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