Quote:
Originally Posted by chillrob
Because the 14th Amendment says the US cannot default on its debts. This has been all over the news. Many Democrats are asking Biden to invoke that reason for just forgetting the debt ceiling. I think it would be better to have the supreme court look at it though, and the Republicans would almost certainly take it to them if Biden ignores the debt ceiling for that reason. Maybe what I have suggested is effectively the same thing that would happen if he did invoke the amendment, but really I don't see why he would even have to do that. There is no one who is going to arrest the Treasury department if they ignore the law, and it seems unlikely to me that the supreme court would issue a preliminary injunction forcing the government to stop paying its bills, although I admit no expertise in this circumstance. Maybe Rococo or someone with more knowledge of constitutional law can let us know what they think.
imho u just cant do that.
u would basically give the budget into the hand of the executive in the president hands instead of congress where it is now right ?
u think its a good idea to increase the "dominance" of presidential powers ?
again my understanding is the debt ceiling been created to prevent the government to need congress approval on any issuance of debts(bonds), could u imagine without a debt ceiling how
inefficient it would be ?
the irony in all of this saga is on 78 debt ceiling increased, 49 was under republican president...the fiscally "responsible" party .
But we all know how fact matters for them...
Last edited by Montrealcorp; 05-26-2023 at 04:34 AM.