I would not be surprised if Biden does invoke the 14th amendment, from a Democratic perspective, why not try it, it would temporarily delay the issue until the Supreme Court made a ruling and the Democrats could keep on spending until a ruling has been made.
If the Supreme Court rules in their favor that would allow every President in the future to do the same thing, especially the Democratic Presidents.
If the Supreme Court shoots them down, so what we are back to where we are now.
Going back to Jan 6 -- the whole thing pivoted on wording in the Constitution that was interpreted in different ways. Many said that VP Pence had a mere ceremonial role and just opened envelopes. Others thought that the VP could potentially raise an issue if the nature of the election was at all questionable. That interpretation was seen as a chance to ask the States to count again, more carefully, to exclude the chance of fraud. That interpretation was seen as a sort of "why not try it, it would temporarily delay the issue until the Supreme Court made a ruling". No one had tried it before, and so a definitive judgment that "the VP has no such power" was impossible until the Supreme Court said so. They interpret Constitutional wording, and we had wording that could possibly be interpreted in a favorable way.
But Pence refused to try.
Treasuries are sold at auction.
If there are few bidders, most debt would go unsold.
The Republicans in the House might refuse to retroactively authorize Biden debt. And some of the leftist ‘rats may decide to screw the Biden debt buyers too. Some leftist ‘rats hate Biden and they generally hate financiers too.
If the Biden debt is sold at too steep a discount, it may be repudiated by Congress generally.
I think you are right.
It’s a low risk action. They will say that it is unthinkable and even unconstitutional, not to pay ongoing expenses of the federal government. The media will be behind them. Everyone who gets any payment for anything, from the federal government, will be relieved that their payments are uninterrupted.
And in court, if the Supreme Court shot it down, we would just be back where we are now.
It’s truly a no lose situation for the Dems. to try to say the 14th amendment allows unfettered spending.