Can Obama Ignore The Debt Ceiling?

by Patrick Appel

Chait considers it a live option. Felix Salmon isn't onboard:

This would be a very dangerous game to play. Congress doesn’t need the debt ceiling to shut down government operations — there’s the budget, too. The 2011 Continuing Resolution expires in less than three month[s]; given that the Republicans in Congress would certainly take any appeal to the Constitution as a declaration of political war, the probability of a government shutdown would skyrocket.