Why Obama Won't Raise the Debt Ceiling

It's simple. The President won't unilateral­ly raise the debt ceiling. Harry Truman did this. Bill Clinton said that he would do it in a minute. It was done without event eight times during the Bush presidency­. Why won't President Obama use the 14th Amendment? He has basically promised Wall Street, his ultimate constituen­cy, that he will use the contrived debt crisis to cut Social Security, Medicare and Medicaid. He is Wall Street's Trojan Horse: populist on the outside, corporatis­t on the inside.