We've tossed around the idea ourselves here at The Last Word. Is there any emergency way out for President Obama if no compromise has been reached over the debt ceiling? Treasury Secretary Tim Geithner himself recently noted a clause in the 14th Amendment that states U.S. public debt "shall not be questioned."
One Republican congressman floated the "I" word in response the potential loophole Obama could use to side-step Congress on the debt ceiling.
"This president is looking to usurp congressional oversight to find a way to get it done without us. My position is that is an impeachable act from my perspective," Congressman Tim Scott of South Carolina said at a tea party meeting yesterday (H/T Huffpo).
Obama seem doesn’t want to go there either. When asked about it in today’s Twitter town hall Obama re-iterated the need for compromise saying, "we shouldn't even get to" that level. "The debt ceiling should not be something used as a gun against the head of the American people," said Obama. He urged Congress not to toy with the debt ceiling.