Oh, and to Oli or anyone familiar with Constitutional law, what about this 14th Amendment clause that some want the President to use? Is that feasible?
TIS
It's Section 4 of the Amendment and it would appear to preclude the questioning of the federal government's public debt, whatever questioning means. The drafters of the Amendment used that language to distinguish legitimate US debt from that incurred by the Confederate states during the Civil War. If I were the President, I wouldn't hang my hat on it. Per the Constitution, he is required to make sure that the laws are faithfully executed. So, there is some basis for his increasing the debt limit, but that's a stretch.
