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The Debt Ceiling Gives the President Enormous Power -- He Should Use It

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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.

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http://salvatorebabones.com

Salvatore Babones is a senior lecturer in sociology and social policy at the University of Sydney in Australia and an associate fellow at the Institute for Policy Studies (IPS) in Washington, DC.

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The debt ceiling gives the President enormous powe... by Salvatore Babones on Saturday, Jan 12, 2013 at 10:15:37 AM
And I see no reason to wait. We already reached th... by BFalcon on Monday, Jan 14, 2013 at 6:30:01 AM
Great plan of action, except I'd see that small fa... by Enoch Page on Saturday, Jan 12, 2013 at 11:43:41 AM
I think the President can allow small checks but k... by Richard Pryor on Saturday, Jan 12, 2013 at 11:51:38 PM
Yet another post by someone claiming that those sa... by June Genis on Saturday, Jan 12, 2013 at 12:12:18 PM
Starting with the 1st progressive president Teddy ... by Darren Wolfe on Saturday, Jan 12, 2013 at 2:26:34 PM
And it would work, except we do not have FDR, Trum... by Gail Harrison on Saturday, Jan 12, 2013 at 12:53:47 PM
Closet Republican. What a way to put it. Brillia... by David Smith on Saturday, Jan 12, 2013 at 4:40:28 PM
He's actually more like Ike...... by Richard Pryor on Saturday, Jan 12, 2013 at 11:54:01 PM
First off, I think you have seriously underestimat... by Alan Pyeatt on Saturday, Jan 12, 2013 at 11:35:50 PM
Grounding the Air Force and moving Navy ships into... by Richard Pryor on Saturday, Jan 12, 2013 at 11:49:41 PM
Cut the Social Security checks any when we are sti... by BFalcon on Monday, Jan 14, 2013 at 6:28:02 AM
Unfortunately, either . . .1) You're asking a hors... by John Rachel on Sunday, Jan 13, 2013 at 12:14:17 AM
He could even stop paying the Congressmen their sa... by Mike Yeary on Sunday, Jan 13, 2013 at 8:04:14 AM