revisit the debt ceiling debate again during the remainder of the Obama Administration. While the 14th Amendment option and the coin option are both viable options in case the repubs want to hold the debt ceiling hostage, the 14th Amendment option could be challenged in court and ultimately lead to having the SCOTUS decide and we wouldn't want to spend the next two years going down that avenue. Neither do we want to visit a month to month raising of the debt ceiling as Grover Norquist has proposed to his minions in the interest of keeping Obama on a "leash" as if he were a dog.
The coin option is indisputable that the Executive Branch (i.e. The Treasury) has the power to do this, whether or not that was the original intention of the law authorizing the act, and people should stop calling it a joke, or a trick pony since it is no different than what happens when the Fed normally prints paper money. As long as the coins are sitting on the shelf in the vault at the Treasury it's not going to create an environment of hyperinflation as some worry about, because we're not growing the money supply beyond what our economy is capable of absorbing under current circumstances unless, Congress also authorized $4 trillion of additional spending at the time the coins were minted and then appropriated the funds to spend and additional $4 trillion. Increasing the debt ceiling to pay current debt is not the same thing as authorizing new spending and appropriating the funding to do that new spending.
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