"“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama
Now is not the time to cut spending, that exacerbates the problem. We need to maintain our safety net, support the middle class, and reassure the markets with policy makers that act responsibly and not unsettle a shaky economy. We have to grow our way out of the deficit, like they did in the 90's.
"Obamacare delenda est"
The Baby Boomers weren't retiring in the 90s.
As for the OP, I do think the President would be on firm ground invoking the 14th amendment. Regardless of what a mere statute says, the US may not default on debts.
Crap. I forgot that you are not an American, but still, I pose my question to other Americans.
"And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
Plus, this time the debt ceiling (almost) matching up with the fiscal year is more of a coincidence. A CR passed today through the end of next February still leaves us with a debt ceiling problem.
One of you will end up here next!