Some idle speculation on platinum coins, 14th amendment, and all that. First of all, using any of these gimmicks would send the signal that we're a troubled country — but of course we are a troubled country, so that's not a deal-killer 1/
Nonetheless, the Biden admin would like to avoid using a gimmicky solution. First best is to shame Rs (and get business pressure to back up the shame) into acting responsibly. 2/
Barring that, which seems unlikely, get Sinemanchin to agree to eliminate filibuster on debt limit by warning of consequences if they don't. If they won't do that, use reconciliation. 3/
The thing is, all of these strategies depend on having people properly scared of default. So it's very much in the administration's interest to deny that there are any backup plans — that it can, if all else fails, break glass and extract the coin 4/
But what if all else does fail? Then the impossible becomes necessary. So I wouldn't make too much of denials that exotic answers are possible. That's what they have to say! 5/
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