Maybe he’ll invoke the 14th amendment which some have said gives the president the authority to borrow more and pay the nation’s bills, without having to deal with Congress?
We’re all ears.........
Maybe he will announce that Social Security checks will be issued after all????
That would be the most blatantly unconstitutional thing Obama has done yet.
Under the Constitution, in Article I, Section 8, only the Congress may borrow money on the credit of the United States. The President does not have the legal power to authorize the issuance of treasury bonds.
The 14th amendment does not change this:
"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."
Since only Congress can legally authorize debt, the issuance of debt by the President without authorization of Congress is an illegal act.
If the government runs out of money to pay the debt, that does not mean the debt is not "valid." The debt continues to represent a valid claim against the government, even if the government does not pay it when due.
If Obama tries this route, they had BETTER impeach him.
Paying the debt with stolen money will really impress the rating companies.
And if he says that, he's lying. We can pay our “must pays”. Claiming constitutional authority based on a outright lie is most certainly an impeachable offense IMHO.