- Jan 15, 2000
- 7,052
- 0
- 0
What do you guys think is going to happen 2 months from now in the upcoming debt ceiling fight?
If the current fiscal cliff deal passes, that takes a major issue off the table for the Democrats. They do lose a bit of leverage there. I fully expect the GOP to take this as far as they can, they have no qualms about wholesale wrecking the credit of this country to get what they want. They will make the debt ceiling their last stand.
Does Obama have any executive authority to simply bypass Congress? There is talk about using the 14th amendment, but I don't think that would ever hold up in a court of law. I'm starting to think he will do something along these lines, however, if the GOP cannot reasonably compromise.
If the current fiscal cliff deal passes, that takes a major issue off the table for the Democrats. They do lose a bit of leverage there. I fully expect the GOP to take this as far as they can, they have no qualms about wholesale wrecking the credit of this country to get what they want. They will make the debt ceiling their last stand.
Does Obama have any executive authority to simply bypass Congress? There is talk about using the 14th amendment, but I don't think that would ever hold up in a court of law. I'm starting to think he will do something along these lines, however, if the GOP cannot reasonably compromise.