Must be in the same section of the Constitution that bestows a right to Abortion and Sodomy...
You have to listen to them carefully, they make it sound like that but the typically say “The House GOP is willing to let us default on or ‘obligations’”
But what are those ‘obligations’ ??
those are spending bills passed into law by congress and signed by POTUS, some by the current congress CR, others by past congresses.
But people hear ‘obligations’=’national debt interest payments’
That's how Dems fight and win,.
One uniquely perturbing lie, and I’m not sure why, is that we’ve never defaulted on our debt before. I should ignore it altogether, for as the debt ceiling offers no particular danger of default it is irrelevant. However it is so damned obvious and well known that we have defaulted, and spectacularly, that it gets my goat when it isn’t acknowledged.
If at no other time the federal government on a massive scale welched on conntractual obligations when they deliberately took us off the gold standard. I don’t care if SCOTUS in the Gold Clause Cases said it was okay. Nevertheless we defaulted.
The GOP should raise the debt ceiling when the Dems get a budget passed.
Subscription? What did it say?
btt
Rivkin and Casey: The Myth of Government Default - WSJ.com
Once these false arguments are cleared away, the real issue in the debt-ceiling debate becomes clear: the proper level of federal spending. Should Congress fail to increase the debt ceiling as much as the president wants, the effective result would be major government spending cuts, with payments on public debt excluded.
This is tough medicine and not to be administered lightly. If Republicans are serious about winning this debate, they must strive to convince the American people that such spending cuts are necessary, given President Obama’s openly articulated unwillingness to implement any meaningful spending cuts other than defense and his clear preference for limitless borrowing.
Whether they can succeed in this task is unclear. But the public must at least be allowed to ponder these vital issues without being misled by false claims involving debt default, the nature of federal obligations, and which branch of government is in charge of the public fisc.
Gee, I’d luv to read that but, they want me to subscribe....