Obama to use "Nuclear Option" on debt ceiling?
source: http://bit.ly/m4vLnX
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- lazloman
- added this
"As both major parties debate their conditions for raising the nation’s debt ceiling, some Senate Democrats and constitutional scholars are questioning whether the limit is constitutional in the first place.Delaware Sen. Chris Coons told The Huffington Post this week that he’s part of a group of lawmakers now examining whether, in the case that debt negotiations fail, the Treasury could ignore Congress and continue paying its bills on time."
Follow the link for the full article, but here is the text from Article 4 of the 14th Amendment:
"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."
Seems pretty clear to me that all this back and forth is much ado about nothing. He should just do it, so we can move on.
Follow the link for the full article, but here is the text from Article 4 of the 14th Amendment:
"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."
Seems pretty clear to me that all this back and forth is much ado about nothing. He should just do it, so we can move on.
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- groups:
- Community
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- tags:
- Obama, Debt Ceiling, Budget Deficit
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EdJoyProductions
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Just because the Republicans either refuse to read the Constitution or simply do not understand it does not mean they are allowed to pretend it does not exist when they are trying to satisfy their corporate overlords.
- 11 months ago
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EdJoyProductions
