"The White House, however, has resisted the option, arguing that they don’t have the legal power to do so and that, even if they did, the fact that they had to resort to it would still send terrible economic signals."
Utterly pathetic. The President is so terrified of action, it's just embarrassing.
Telling the world that we're going to always pay our bills - no matter what sort of political games one or both major parties plays in Congress - is as welcome, reassuring, and positive a signal as is possible. Only the most timid creature on the planet with no concept of how the economy operates could believe so strongly to the contrary.
The French have earned a reputation as serial surrenderers. The President tops them. The most terrible economic signal you can send is that you, the President of the US, is afraid of republicans and their hostage-taking exercises.
I can only hope he's playing a game and trots out a platinum coin or does go 14th amendment... but that would be out of character.
Read the Article at HuffingtonPost
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