No debt ceiling increase would also threaten to put the United States into technical default on its debt service, tarnishing its credit rating. Now President Trump noted a in his recent speech about foreign policy:decisions are much different when you sit behind the desk in the Oval Office…. This year’s debt ceiling fracas isn’t our first rodeo. As I wrote here about the 2013 debt ceiling “looming crisis,” Spoiler Alert: What’s Really Going To Happen When Congress Is Back In Session:[T]he debt ceiling fight is not really about the debt ceiling. If Trump theatrically vetoes the debt ceiling increase that veto certainly will be overridden by the Congress.

Source: Forbes August 27, 2017 13:52 UTC