The debt ceiling blackmail/extortion/hostage situation from the Retard Right is a perfect example. From Katrina vanden Heuvel:
In short, we would be thrown back deep into economic turmoil — only this time with even fewer tools to crawl our way out.
In theory, this is unthinkable, and it will be remedied by reasonable political parties making reasonable concessions across the negotiating table. But Republicans have been negotiating in bad faith, unwilling to compromise even an inch on their extremist and absolutist positions. Some are no longer willing to come to the table at all.
With that backdrop, President Obama may find that there is only one course left to avoid a global economic calamity: Invoke Section 4 of the 14th Amendment, which says that “the validity of the public debt of the United States … shall not be questioned.” This constitutional option is one that the president alone may exercise.
Here's the, you should pardon the pun, money shot from the 14th Amendment. I find it ironical that this was put in to protect the Treasury from the South:
Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
A little further explanation:
Section 4 confirmed the legitimacy of all United States public debt legislated by the Congress. It also confirmed that neither the United States nor any state would pay for the loss of slaves or debts that had been incurred by the Confederacy. For example, several English and French banks had lent money to the South during the war. In Perry v. United States (1935), the Supreme Court ruled that under Section 4 voiding a United States government bond "went beyond the congressional power".
I think the Prez oughta do what Ms. vanden Heuvel suggests, both to mitigate this before it actually becomes a problem and before Congress comes to its senses and does it, which it will, and basically tell the Repugs this is no longer in their purview and we can do it very nicely without them, thank you very much, and to tell them they just had one of their powers taken away for being childish ideological assholes and they can shove it up their ass.
Unrelated note: I'm tired of playing "Where's Waldo?" with "http://WW2blogshit.bs". There were 5 of them in this post. What's up with that anyway?