A pro explains; Obama needs a trump card and deprive the hostage takers of the control of the situation.
From the Plum Line:
The use of hostage-taking imagery to describe the coming debt ceiling crisis is now so ubiquitous that I thought I’d ask a veteran police hostage negotiator what he thinks of the looming standoff.
His advice: Obama must have a trump card in his back pocket that will resolve the situation without the GOP’s help, if necessary. One of the most important goals is getting the hostage taker to realize that ultimately, he’s not in control of the situation.
There are two possible trump cards for Obama. One is the “platinum coin” option, in which the government mints a trillion-dollar coin and uses it to pay its debts, which is currently getting a lot of blogospheric love. (Josh Barro explains how this might work; Kevin Drum dissents.) There’s also the 14th Amendment option, which some legal observers believe empowers the President to ignore the debt ceiling.