Right. Better to use a function:
CREATE OR REPLACE FUNCTION yyyymm() RETURNS text
LANGUAGE 'plpgsql' AS $$
DECLARE
retval text;
m integer;
BEGIN
retval := EXTRACT(year from current_timestamp);
m := EXTRACT(month from current_timestamp);
IF m < 10 THEN retval := retval || '0'; END IF;
RETURN retval || m;
END $$;
SELECT yyyymm();
DROP TABLE foo;
CREATE TABLE foo (
key int PRIMARY KEY,
colname text DEFAULT yyyymm()
);
INSERT INTO foo (key) VALUES (0);
SELECT * FROM FOO;
This gives me
key | colname
-----+---------
0 | 200905
Make sure you run createlang plpgsql
from the Unix command line, if necessary.