FYI, there’s an interesting post by Phoenix Woman of FDL about the possibility of using Section 4 of the Fourteenth Amendment to resolve the debt limit crisis… who thinks it would or would not work, who advocates it, etc.

But that still leaves me facing the same dilemma I’ve faced a number of times in Obama’s presidency (e.g., over the health care reform act) and especially since the beginning of this crisis: if Obama fails to get a debt limit increase, the U.S. will default, and if we believe what economists are saying, we may plunge straight back into depression… but if he does succeed, Obama and the Republicans will eviscerate the remaining body of New Deal legislation on which a lot of us depend or will depend in our old age. I abhor the thought of a default, and I abhor the thought of Obama’s and the GOP’s “solution” to the default. There is no good outcome for this crisis: we are fucked if Obama prevails or if he fails.

Post a comment or leave a trackback: Trackback URL.

Leave a Reply (NB: I'm not responsible for any ad!)

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: