This morning on CBS’ Face the Nation, House Minority Leader Nancy Pelosi (D-CA) blithely announced that if she were President Obama, she would simply invoke the 14th Amendment to the Constitution and unilaterally raise the debt ceiling:
Well, you ask the Republicans, because we always passed the debt ceiling. When President Bush was president, as he was incurring these massive debts, and the Republicans weren’t saying ‘boo’ at the time. There should be, this is a conversation where there should be no doubt. In fact, if I were president, I’d use the 14th Amendment, which says that the debt of the United States will always be paid.