Posted on 05/19/2023 1:15:51 PM PDT by entropy12
Ben Werschkul·Washington Correspondent
The support on Capitol Hill for what was once a fringe legal theory is growing by the hour as the debt ceiling talks head into their final days.
On Thursday, a group of of 11 progressive senators led by Sens. Tina Smith (D-MN), Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) released a new letter to President Biden calling on him to prepare to cancel the debt ceiling by invoking the 14th amendment.
The increased adoption of an idea that could roil markets is a reflection of growing Democratic anxieties that the White House could be preparing for deep compromise as ongoing direct negotiations with representatives of Speaker Kevin McCarthy continue.
(Excerpt) Read more at yahoo.com ...
“I’ve just received word that the president has dissolved Congress permanently. The last remnants of the Old Republic have been swept away.”
The 14th amendment does not allow the Traitorjoe and the Demonicrats to negate the Constitution and give aid and comfort to the domestic and foreign enemies of the United States.
Stop playing with the debt “ceiling”. Why have one if you keep raising it?
Actually the liberals are using a civil war era phrase in the US Constitution (14the amendment) versus the law passed to limit national debt.
Section 4 - The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
Section 5 - The Congress shall have the power to enforce, by appropriate legislation, the provisions of this article.
Congress, not the President, enforces. They retain the power of the purse. The House passed a bill to raise the debt ceiling already. If it fails that is on the Senate Democrats and the President.
Artificial intelligence is sorely needed in D C. The natural kind is lacking.
The 14th Amendment means that we must honor the debt, not raise more debt. Nor does failing to raise the debt limit mean default. In other words, debt payments come first, then appropriations. If there is not enough money, then appropriations must be cut in order to pay the debt. If we were to cut the size and activity of the federal government to only that which is authorized by the Constitution we would have more than enough money to pay the debt.
Tina? Tee hee hee.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;It is Congress's responsibility to pay the debts, so raising the debt ceiling and increasing borrowing is their responsibility, too. The 14th amendment does nothing to change this.To borrow money on the credit of the United States;
-PJ
Just yesterday I was thinking about the history of the United States from a very distant point of view.
I imagine in 500-800 years from now, historians will look back on America in “dynasties” as we do China.
If so, I would put forth that the 1st dynasty was from the 1500’s to 1776/1789.
The second dynasty was from 1776/1789 until 1861/1865
The third dynasty was from 1861/1865 to Nov 22 1963.
I don’t know how long the 4th dynasty will last.
The only time these leftists even read the Constitution is when they are looking for loopholes. You don’t actually expect them to actually understand it or respect its intent, do you?
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Well, I've seen no vote in Congress about an insurrection or rebellion against the United States - certainly nothing validating wiping out the nation debt (see the following section of this amendment).
Point is (without going through the math), if #46 tries this, it'll make the $ virtually worthless within a week; when U.S. bond holders dump those holdings.
The debate over invoking the Civil War-era amendment to solve a debt-ceiling crisis stretches back for years and centers around a line that reads: “the public debt of the United States, authorized by law...shall not be questioned.”
The 14th Amendment empowers THE CONGRESS to enforce the validity of all debts legally incurred by the US.
It doesn’t empower the President to do anything.
Good point, and I hope sanity will prevail in congress. But I am not ready to hold my breath.
Personally I’m still waiting on the infamous trillion dollar coin scheme.
But is Brandon aware of that?
Trillion dollar coin might encourage me to change my profession.
The debate over invoking the Civil War-era amendment to solve a debt-ceiling crisis stretches back for years and centers around a line that reads: “the public debt of the United States, authorized by law...shall not be questioned.”
That provision was written in the context of the Reconstruction amid fears that Confederate states would default on their debts. Nevertheless, a growing number of legal scholars say it could be invoked by Biden today to overrule the 1917 law that created the debt limit.
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