Social Security checks are due to go out Wednesday, March 13. If it comes down to a choice between paying the interest on the federal debt and paying the pensions of America's retirees, the decision should be obvious. Grandparents before bondholders. It really is that simple.
But it won't come to that. Play hardball, and corporate America will cry uncle within one week. If the President plays hardball he will win. We don't need a silly $1 trillion coin. We need a victory. The debt ceiling is the President's trump card. He should use it.
1 | 2