If Congress fails to act, should Obama follow the advice of Bill Clinton? http://blogs.forbes.com/jerrybowyer/2011/07/20/four-questions-for-obamas-14th-amendment-courtiers/ I would want to spend time with legal experts to gain clarification, but yes, if it seems that he can legally do this, it seems to me a better option than allowing the tea party to destroy the full faith and credit of the US. In fact, I would argue that in a crisis Obama is required to do this in the interest of national security. The tea party cannot be allowed to ruin a highly fragile and struggling economy. We cannot allow a 30% voting block to break us due to some wildly misguided ideology. Recall that these are many of the same folks [Republicans] who would have allowed global economic collapse back in 2008, and voted against the bank bailouts.