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Here's a really interesting article which points out that almost all of the systems of government which split power between a president and a legislature have failed. The one lone exception--us.
Jonathan Chait on the Government Shutdown -- New York Magazine
Of course, the president probably could ignore Congress and raise the debt ceiling by executive order....but, either way, whether congress blackmails the president or he does an end around, once we go down that road, our system of government is doomed.
Jonathan Chait on the Government Shutdown -- New York Magazine
Linz attributed our puzzling, anomalous stability to “the uniquely diffuse character of American political parties.” The Republicans had loads of moderates, and conservative whites in the South still clung to the Democratic Party. At the time he wrote that, the two parties were already sorting themselves into more ideologically pure versions, leaving us where we stand today: with one racially and economically polyglot party of center-left technocracy and one ethnically homogenous reactionary party....
Traditionally, when American politics encountered the problem of divided government—when, say, Nixon and Eisenhower encountered Democratic Congresses, or Bill Clinton a Republican one—one of two things happened. Either both sides found enough incentives to work together despite their differences, or there was what we used to recognize as the only alternative: gridlock...
The debt ceiling turns out to be unexploded ordnance lying around the American form of government. Only custom or moral compunction stops the opposition party from using it to nullify the president’s powers, or, for that matter, the president from using it to nullify Congress’s. (Obama could, theoretically, threaten to veto a debt ceiling hike unless Congress attaches it to the creation of single-payer health insurance.) To weaponize the debt ceiling, you must be willing to inflict harm on millions of innocent people. It is a shockingly powerful self-destruct button built into our very system of government, but only useful for the most ideologically hardened or borderline sociopathic...
Of course, the president probably could ignore Congress and raise the debt ceiling by executive order....but, either way, whether congress blackmails the president or he does an end around, once we go down that road, our system of government is doomed.