No. Even if it's legal, the fight over the legitimacy of US debt beyond the statutory limit reduces its value as a stable place to put one's money. It's arguably worse for the US to take this - admittedly clever - way out of the debt ceiling fight than to go through ugly (stupid, grandstanding, bullshitty) fight we need to have.

But, part of me wishes Obama would do this, just so i could marvel at the colossal brazenness it'd require; and, honestly, the entertainment value of congressional Republicans' incandescent fury and sputtering would be close to worth the whole debacle. Finally the GOP could talk about impeachment for reasons that venture into legitimate territory.

This would actually be funny IF I thought there were still serious grown-ups in Washington who were actually trying to find a real solution. I don't.

this is not from the onion