Obama’s Brinkmanship

Standard & Poors downgraded U.S. debt today because of President Obama’s brinkmanship during the debt ceiling negotiations.

President Obama publicly threatened not to pay U.S. debtholders unless his demands more met, and week-kneed Republican lawmakers went along with that he wanted.

It is now clear that Speaker Boehner and other Republicans should have emphasized the 14th Amendment’s role in the debate. Republicans should have made it clear that A President who does not pay America’s debts, or incurrs new debts without the consent of Congress, no longer holds the office of the President.

Instead, weak kneed Congressional Republicans went along with another spending binge, and world markets learned that the President can get what he wants by simply threatening not to pay back our bills.

Too bad.

5 thoughts on “Obama’s Brinkmanship”

  1. “Republicans should have made it clear that A President who does not pay America’s debts, or incurrs new debts without the consent of Congress, no longer holds the office of the President.”

    I completely disagree with the above. That is not provided for in the constitution. That amounts to announcing the start of a coup or a rebellion.

    I would say though that a “President who does not pay America’s debts, or incurrs new debts without the consent of Congress” should have the impeachment process begun against them.

  2. A way more rational approach in any case, if negotations would ever get that bad, is for the Speaker simply to state the Congress has no intention of honoring any debts incurrented by the President without its co-equal oversight, regardless of the narrow Constituionality or legality of such debts.

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