If the 14th Amendment is not a viable option.......

[Trey9007]

what stops a Congress from purposely passing a budget, and then not raising the debt ceiling to make the POTUS from another party responsible for a default. This is whats happening now, I just don't think the GOP was smart enough to have planned this.

As I see it, this should be the last debt ceiling debate this country has. This 'rule' shouldl be done away with.

[creeksneakers2]

1. If there is no ceiling

Then the president could borrow all the money he wants. That's an awful lot of power to give to the president with no check and balance.

[Poll_Blind]

2. +1

Too much power. And, IMO, this will do the opposite of instilling confidence in potential buyers of treasury instruments in the future.

PB

[Trey9007]

4. Correct me if Im wrong...

and I pobably am. But I thought the debt ceiling was the limit that we could borrow, meaning when Congress passes a budget it must stay under that ceiling or raise it. I would think that removing the debt ceiling would allow Congress to borrow as much as they want, and not the POTUS.

[Morizovich]

3. But that's just it:

It is: Why the hell won't Obama utilize it?