The following from Article 14 on which they base the opinion that they can increase the debt limit via presidential edict: 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.
Only congress can issue debt per the constitution as all spending bills are a function of the Legislature. The spending bills must be reconciled via the budget. If Congress does not budget the money, it can not be spent. The only legal obligation we must pay if for past borrowing. Any future borrowing has to be via permission of the Legislative branch.
Obama is trying to assume the power of the Executive and Legislative and Judicial, hell he already has the Judiciary via Eric Holder.
If he does this and gets away with it, we have the beginning of a new dictator ship.
any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
I’ve often wondered if this didn’t preclude the calls for
black retrobution.