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Old 07-07-2011, 11:44 AM
stephanie stephanie is offline
 
Join Date: Dec 2007
Posts: 3,921
Default Re: The Debt Ceiling's Constitutionality

Quote:
Originally Posted by Don Zeko View Post
Over the past few days the liberal blogosphere has been discussing the so-called constitutional option for dealing with the debt ceiling, in which Barack Obama waits for budget negotiations to break down, then announces that he believes the debt ceiling violates the 14th Amendment and orders the Treasury to keep on issuing new debt. More significantly, the administration has been pointedly not ruling it out in public statements over the last few days. So given that this seems like an increasingly likely resolution to the crisis, I wanted to canvass the BHTV forum. Is this constitutional argument correct? If not, does it matter?
Good timing -- they addressed it in the Serwer-Weigel diavlog almost as a response to your interest, although one could have issues with the nature of the discussion. I'm guessing the discussion is going to move over there.
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