Source: The American Prospect
by David Dayen
“Twenty-three years ago, Boston Celtics coach Rick Pitino admonished fans of his young, struggling team by telling them they were living a fantasy. ‘Larry Bird’s not walking through that door, fans. Kevin McHale’s not walking through that door and Robert Parish is not walking through that door … And as soon as they realize that those three guys are not coming through that door, the better this town will be for all of us.’ You can imagine Janet Yellen saying something broadly similar regarding the debt ceiling at this point. The trillion-dollar coin isn’t walking through that door. The 14th Amendment isn’t walking through that door. Premium bonds are not walking through that door. She did it again Thursday at a meeting of G7 finance ministers in Japan.” (05/12/23)
https://prospect.org/economy/2023-05-12-judicial-deus-ex-machina-debt-ceiling-option/