Re:Game Theory Take On - Washington’s Rogue Elephants
by demallien on Wednesday July 27, 2011 @09:18AM
(#2811966)
It's true that it isn't cut and dried whether or not the 14th can be invoked, which means that any attempt to use the 14th would likely end up in the Supreme Court. It is also true that the Supreme Court is not terribly liberal at the moment. But, fortunately enough for the US and the world, raising the debt ceiling is not a 'liberal' cause - it's something that G.W. Bush, G. Bush, R. Reagan and others from the conservative side of politics have seen fit to do. It is not likely (in my opinion) that the Supreme Court would follow Tea Party rhetoric against the advice of every economics advisor out there. In other words, I think that ending up in the Supreme Court is pretty much a win for anyone that thinks the debt ceiling needs to be raised...
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Re:Game Theory Take On - Washington’s Rogue Elephants
by michaelfeathers on Wednesday July 27, 2011 @10:32AM
(#2812281)
To me, it's not even clear that it would end up with a decision in the Supreme Court given the political questions doctrine and the fact that's hard to imagine who would have standing. I think that the worst that would happen is long impeachment proceedings.