The debt limit and all the hoo-hah about raising it may just be more hot air and bs -- meaning it's not needed and may even be unconstitutional
Section 1. (You know, the birthers' favorite:)
U.S. Constitution: Fourteenth Amendment Adopted on July 9, 1868 -- one of the "Reconstruction" Amendments
"All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside."
and blah blah blah stuff, but the point here is THIS:
Section. 4. "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned..."
SHALL NOT BE QUESTIONED!! Not "maybe" not "shouldn't be," but SHALL NOT BE QUESTIONED!! Perhaps the strongest, most unequivocally absolute statement in the entire constitution -- Get it? Only the courtesy of President Obama even ALLOWS you to reps and senators who need to pay off the debts you owe for the bribes took (and called them by that charming old school name: "Campaign Contributions") to dither, dicker, obstruct, and demand.
In other words, you fuck around too long, Republicans, and Obama gets the biggest line item veto in history. Maybe y'all ought to actually READ that constitution you pretend to honor.
...and as a "reconstruction" amendment, then goes on to say if you think we're paying one cent to you jive-ass slave-whuppin' sonsofbitches, you can go piss up a rope...
"But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void."*************
SEE Also: Geithner on the Debt Ceiling being unconstitutional (because of the 14th Amendment)
The Atlantic article on the president's power to avoid default, no matter what Mitch McConnell and Eric Cantor says. ( Eric Cantor, by the way, owns stock in a fund the value of which, if the US DID default, will skyrocket. I may be naiive, but isn't this like a football coach betting on the opposing team?)
The American Square raises the issue without taking a pro-or-con position (i.e., "Just the facts, ma'am")