Bruce Bartlett on the Debt Ceiling

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With Obama raising the stakes in the game of debt-ceiling brinkmanship--going so far, according to some reports, as to threaten to veto a small-scale stop-gap deal--Bruce Bartlett clarifies some important points in a piece about five debt-ceiling myths. I find it hard to believe that the president really would veto a small bargain, by the way. If he did actually say that, he was bluffing.

Bartlett's link to Garrett Epps on the 14th Amendment is worth following. I wonder what Treasury lawyers are telling the president about the constitutionality of the debt ceiling.

Update: Here's what Lawrence Tribe is telling him: the debt ceiling can't be ignored.

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Clive Crook is a senior editor of The Atlantic and a columnist for Bloomberg View. He was the Washington columnist for the Financial Times, and before that worked at The Economist for more than 20 years, including 11 years as deputy editor. Crook writes about the intersection of politics and economics. More

Crook writes about the intersection of politics and economics.

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