A couple of friends asked me whether the debt ceiling deal signalled a new Age of Extortion, in which we go through this mess every time we have to raise the debt ceiling.
Not to worry, I said.
In 2013, given President Obama’s steadfast refusal to do anything about jobs and economic growth, there will likely be a Republican President. If the Democratic Senate minority breathes a word of doing the same thing, President Bachmann or Perry or Romney or whoever will simply announce that the 14th Amendment gives the President the right to raise the debt ceiling unilaterally. The President will then release the OLC Opinion written by David Addington.
End of story. The GOP understands power, unlike some other Presidents I could name….