Business Insider Mag: Looking like President Obama will have to raise debt limit all by himself

[NewsCenter28]

Wholeheartedly in support of this strategy. We don't negotiate with terrorists.

http://www.businessinsider.com/it-increasingly-looks-like-obama-will-have-to-raise-the-debt-ceiling-all-by-himself-2013-9

Here's Greg Valliere at Potomac Research:

HOW DOES THIS END? What worries many clients we talk with is the absence of a clear end-game. We think three key elements will have to be part of the final outcome: First, a nasty signal from the stock market. Second, a daring move from Barack Obama to raise the debt ceiling by executive order if default appears to be imminent. Third, a capitulation by Boehner, ending the shut-down and debt crisis in an arrangement between a third of the House GOP and virtually all of the Democrats.

Also:

We expect this craziness to last into October and run up against the debt limit fight. In the final gasping throes of squabbling, we expect President Obama to use the President Clinton designed executive order strategy so that the US doesn’t default. There will then ensue a protracted court fight leading to a Supreme Court decision. The impasse may go that far. This is our American way. “Man Plans and God Laughs” says the Yiddish Proverb.

Incidentally, the coming default is of far greater concern than the government shutdown and if President Obama allows it to happen, we're looking at the apocalypse literally and figuratively. We are at the gravest moment in world history since Mr. Chamberlain went to visit Hitler in Munich in 1938. Seriously, what the teahadists and the drunk weepy oompa loompa Boner are playing with here is global Armageddon.

Further, Luke Russert was implying on MSNBC tonight that this shutdown will end by the end of the day today. I wouldn't count on it. I expect it to last at least to the debt ceiling deadline. 1996 lasted 21 days and we are far more bitterly divided now than back then.

[MoonRiver]

1. Don't go wobbly on US Barack.

Do the correct thing for your country!

[Cha]

2. Sounds awful and that's what the teajaddists don't care about.

I along with everyone else am hoping for some resolution that gives the terrorists nothing but the door in 2014.

I found this from 2011..

"Obama Should Raise the Debt Ceiling on His Own"

snip//

PRESIDENT OBAMA should announce that he will raise the debt ceiling unilaterally if he cannot reach a deal with Congress. Constitutionally, he would be on solid ground. Politically, he can’t lose. The public wants a deal. The threat to act unilaterally will only strengthen his bargaining power if Republicans don’t want to be frozen out; if they defy him, the public will throw their support to the president. Either way, Republicans look like the obstructionists and will pay a price.

Where would Mr. Obama get his constitutional authority to raise the debt ceiling?

Our argument is not based on some obscure provision of the 14th amendment, but on the necessities of state, and on the president’s role as the ultimate guardian of the constitutional order, charged with taking care that the laws be faithfully executed.

http://www.nytimes.com/2011/07/22/opinion/22posner.html?_r=0