The President and the Democrats must not give in. If we get to October 17th and the Republicans are still holding the nation hostage, the President has only one option: He must ignore the debt ceiling and order the Treasury to continue to pay all the nation’s bills – relying on Section 4 of the Fourteenth Amendment to the Constitution, which says the “validity of the public debt of the United States, authorized by law … shall not be questioned.” The debt itself is clearly “authorized by law” because it’s the direct result of laws authorizing the U.S. to spend and to tax. The showdown over the debt ceiling is over payment of the debt, not the legality of the debt itself. If Republicans disagree, let them try to impeach the President. RR
Posted on: Wed, 09 Oct 2013 02:13:20 +0000
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