Naive question on the current Debt Ceiling impasse. [View All]

[Adsos Letter]

If President Obama has to go to the 14th Amendment option in order to get the debt ceiling raised, will that be received negatively by the buyers of US bonds? I'm thinking specifically of China.

I suppose they don't want us to default, but even with the ceiling raised how much more will they be willing to purchase? Especially if it appears that extreme measures have to be taken within our government (between the parties) in order to keep us afloat.

I suspect the answer is a no brainer; my knowledge of economics is limited to keeping our household budget balanced.

Oh, and some vague memory of a whiskey vs. milk equation from my Econ101 days.