Even if he raises the debt ceiling that way, we could still get downgraded which will ultimately raise our deficits because of increased interest. This is what makes me so friggin angry about these teabaggers. They scream about debt and defecits but are about to compound the problem with their sheer stupidity.
I heard something today on American Left radio. They said the Republicans want to force the President to use the 14th amendment to raise the debt limit because they think it would be an impeachable offense. Just what we'd need is to waste money on another impeachment.
There are a couple of different scenarios here. One is that if Obama uses that to end this bullshit he may be seen as a leader by many Americans. A take charge guy who said "Fuck it, this is what we are doing to keep America safe." It could make the GOP look bad and Obama look strong.
The other is that the GOP also look like huge dickheads (not a tough thing to do) by spending money and time trying to impeach him rather than help the economy. They already poll horrible and this is going to make them look even worse. I honestly don't think that Boehner wants this, I think he's would rather raise taxes and cut spending, but his 'bagger base has him by the balls.
I think no matter what Obama does, he's screwed. His approval rating is dismal, he's stuck in a rock & a hard place.