So, everyone (that I’ve seen, at least) seems to be assuming that, should the GOP hold the debt ceiling hostage and Obama responds with some form of
That the Republicans will cave in, raise the debt limit, and things will go on as before.
What if they don’t?
What if they simply say “Okay, you want to run things that way, go ahead.” So, they keep passing continuing resolutions (since actual budgets have been beyond the House for a few years), and leave it to Obama to figure out how to circumvent the debt ceiling for that particular bit of spending. Another coin? More 14th amendment invocation? More IOUs?
The Republicans get to hammer the President for continually violating their fiscal prudence, a lovely message going into the 2014 midterms which, after all, are on what most members of the House focus.
Eventually–as with the
budget continuing resolutions–this becomes the new normal.