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Enter the 14th Amendment remedy for debt ceiling debaucle.
Posted: Jun 28, 2011
For all those strict adherents to the Constitution, take note of Section 4:
Section. 4. 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.
It would seem this brings into question the fundamental constitutionality of the imposition of a debt ceiling statute, which naturally is trumped by the Constitution. Look for this question to surface at tomorrow's news conference.
For a detailed analysis and interpretation of the significance of this provision, follow the link below.
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This question was raised during the press conference - sm
[ In Reply To ..]Obama did not comment directly, leaving the door open for the media and Congressional democrats to further exercise the concept. This article presents more pros than cons, lending support to justifying either the Congress or the president requiring the treasury to pay its debts regardless of the GOPs best efforts to milk the debt question for all its worth with draconian spending cut proposals. Time for them to fish or cut bait. Otherwise, they could easily end up holding a very empty bag with not a single cut in sight.
http://www.theatlanticwire.com/politics/2011/06/debt-ceiling-unconstitutional/39408/
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