Five crazy ways for Obama to circumvent the debt ceiling
{{#rendered}} {{/rendered}}President Obama and his advisers have insisted repeatedly that the only way to avoid a default is for Congress to raise the debt ceiling.
Yet each time the clock starts ticking for lawmakers to vote to raise it or face a default, the question inevitably arises whether there is another way out.
That’s for a good reason: The possibility that the U.S. could fail to make a payment on its bonds or other obligations is so unthinkable that other alternatives that would normally be unthinkable become thinkable.
{{#rendered}} {{/rendered}}Among those alternatives are some that President Obama could undertake unilaterally, by stretching the limits of what is practical or what is legal.