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Debt ceiling: Support for 14th amendment solution mounts on Capitol Hill
yahoo.com ^ | May 18, 2023 at 12:45 PM EDT | Ben W.

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 ...


TOPICS: Business/Economy; Constitution/Conservatism; Front Page News; Government; Politics/Elections
KEYWORDS: 14th; 14thamendment; amendment; debt; fourteenthamendment; progressives
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To: Petrosius

bingo


21 posted on 05/19/2023 1:45:39 PM PDT by Jonny7797
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To: Petrosius

bingo


22 posted on 05/19/2023 1:45:39 PM PDT by Jonny7797
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To: Petrosius

bingo


23 posted on 05/19/2023 1:45:39 PM PDT by Jonny7797
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To: entropy12

That about sums it up.


24 posted on 05/19/2023 1:52:35 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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To: entropy12

Where does the Constitution say it’s okay to rack up trillions in debt you don’t have?


25 posted on 05/19/2023 1:53:59 PM PDT by NWFree (Sigma male 🤪)
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To: windsorknot; All

Someone should ask these fools if they raise the credit limit on their kids’ credit cards every year?


26 posted on 05/19/2023 1:54:38 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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To: BenLurkin

“ I’ve just received word that the president has dissolved Congress permanently”

I waited patiently for Trump to arrest them all for four years, but no dice. /s


27 posted on 05/19/2023 1:55:15 PM PDT by Jim Noble (It is the Right of the People to alter or to abolish it, and to institute new Government)
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To: NWFree

You know what, I wish there was a simple statement in the constitution saying congress will not spend more than what is collected in revenues.


28 posted on 05/19/2023 1:56:07 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12

Its good to be king.


29 posted on 05/19/2023 1:59:00 PM PDT by Zathras
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To: Carl Vehse

For a DC democrat; the US Constitution is theirs to exploit and abuse


30 posted on 05/19/2023 1:59:29 PM PDT by drypowder
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To: entropy12; All

More evidence of the need to repeal the 17th Amendment!
Go back to what the Founding Fathers intended the Senate to represent - the States! The people are represented by the House. Anyway, State legislatures couldn’t make worse choices in their selections for the Senate the clowns now there!


31 posted on 05/19/2023 2:03:11 PM PDT by Reily (!!)
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To: Jim Noble

“Fear will keep the rural areas in line.”


32 posted on 05/19/2023 2:08:30 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: entropy12

Typical dems focusing on one small sentence of the entire amendment and making it mean something that it really doesn’t. Good grief ... have they even read the entire amendment?


33 posted on 05/19/2023 2:12:48 PM PDT by al_c (Democrats: Party over Common Sense)
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To: entropy12

It’s ceiling-fluid.


34 posted on 05/19/2023 2:14:04 PM PDT by mykroar (what is extraordinarily important is this—who will count the votes, and how. - J0eStalin)
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To: Armando Guerra
They cite one part of the amendment but conveniently leave out the rest:

Not just one part ... one sentence of one part.

35 posted on 05/19/2023 2:17:12 PM PDT by al_c (Democrats: Party over Common Sense)
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To: windsorknot

It is more a suggestion.


36 posted on 05/19/2023 2:46:15 PM PDT by pas
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To: entropy12

My importance: SSA

Some, such as legal scholar Garrett Epps, fiscal expert Bruce Bartlett and Treasury Secretary Timothy Geithner, have argued that a debt ceiling may be unconstitutional and therefore void as long as it interferes with the duty of the government to pay interest on outstanding bonds and to make payments owed to pensioners (that is, Social Security and Railroad Retirement Act recipients).[217][218]


37 posted on 05/19/2023 2:47:47 PM PDT by keving (We the government )
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To: Petrosius

“The 14th Amendment means that we must honor the debt, not raise more debt.”

Yup.


38 posted on 05/19/2023 2:48:22 PM PDT by ought-six (Multiculturalism is national suicide, and political correctness is the cyanide capsule. )
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To: entropy12

We could eliminate half of all staff who get a Fed paycheck. End the existence of half the alphabet agencies and put their assets up for auction. Drill for oil, sell it and buy gold. End all subsidies. Give all able-bodied takers 90 days to find work. Stop foreign aid. Outfit a 737 platform for AF 1. Sell Fed lands to the states.


39 posted on 05/19/2023 3:15:01 PM PDT by lurk (u)
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To: entropy12

Most states have a constitutional requirement to balance the budget.

We would do well to do that on the Fed level.


40 posted on 05/19/2023 3:17:41 PM PDT by lurk (u)
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