I don't know if you all caught Paul Grugman's piece on the trillion dollar coin this week, but what he's saying seems to make a lot of sense as a tactic to use against the Tea Party crazies in control of Congrss.
http://www.nytimes.com/2013/01/11/op...zies.html?_r=0Itís crucial to understand three things about this situation. First, raising the debt ceiling wouldnít grant the president any new powers; every dollar he spent would still have to be approved by Congress. Second, if the debt ceiling isnít raised, the president will be forced to break the law, one way or another; either he borrows funds in defiance of Congress, or he fails to spend money Congress has told him to spend.
Now the concept may be enough to make some heads here explode...but will it be better for a bunch of used car salesmen from Bumfuck, Anystate to wreck the world economy by pushing the US to default or just convert the debt and avoid triggering a recession just so that the Republicans think they have something they can use for the mid-terms?