The United States Constitution:
14th Amendment:
"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."
The Supreme Court:
In Perry v. United States (1935), the Supreme Court ruled that voiding a United States government bond "went beyond the congressional power" on account of Section 4.[48] Republican economist Bruce Bartlett argues that Section 4 renders the debt ceiling unconstitutional, and obligates the President to consider the debt ceiling null and void. (Reference)
Republicans -- Take your debt limit and go to hell!
Posts
Republicans=Frauds, hucksters, liars, deceivers...etc, etc....
ReplyDeleteGood points Jerry, but Republicans don't care how bad they hurt the country, or ignore our laws.
ReplyDeleteI keep coming back to my favorite President Kennedy quote:
"We shall not always expect to find them supporting our view. But we shall always hope to find them strongly supporting their own freedom—and to remember that, in the past, those who foolishly sought power by riding the back of the tiger ended up inside."
The debt ceiling is going to be raised - no question about it. And everybody, with the possible exception of Michele Bachmann, Rand Paul, Marsha Blackburn, etc. (the wingnuts, in other words), knows it. It's all about posturing and brinkmanship right now.
ReplyDeleteThe only power granted by the 14th Amendment is found in Section 5, and that power is granted to Congress. The 14th Amendment grants the president no power, and Perry holds action (not inaction) unconstitutional.
ReplyDeleteSection 5 does not say ONLY Congress nor does it prohibit the President from action.
ReplyDelete