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Title: 9Share Print Comments 11 Obama's empty 14th Amendment ploy on the debt ceiling
Source: [None]
URL Source: http://washingtonexaminer.com/opini ... th-amendment-ploy-debt-ceiling
Published: Jul 6, 2011
Author: Bill Wislon
Post Date: 2011-07-06 15:08:18 by no gnu taxes
Keywords: None
Views: 7365
Comments: 18

Left-wing pundits and their cronies in Congress delivered a well-timed second punch to the Obama news conference last week on the continuing fight over an increase in the U.S. debt limit.

While Obama tried to show he was "involved" in the negotiations, his henchmen announced that it might not matter; that Congress really had no say in the debt limit.

The thrust of their argument is that the 14th Amendment to the Constitution requires the president to do whatever he wants in order to ensure "the validity of the public debt of the United States, authorized by law ... shall not be questioned."

Overlooking the entire context of the section of the amendment -- ensuring debts incurred to battle the Confederacy were honored and barring the government or any state from assuming the debts of the rebel government -- the apologists for Obama assert that it is a universal mandate.

From this they claim the president has the power to ignore Congress and issue as much new debt as he deems appropriate. As with so many conflicts with this gang, they are trying to divert attention from the reality of the situation and present one of Obama's "false choices."

Were Congress to truly represent the people who by large margins oppose an increase in the debt limit, the government would not immediately go into default.

Default is a political choice. Money still flows to the Treasury every day. As interest payments came due, the money would be there to pay them. As old debt was retired, new debt could be issued up to the current limit.

What the administration could not do is incur new debt, additional debt. It could not spend trillions of dollars more than it takes in. An instant balanced budget would result.

So, there is no legal right or claim of the president to overturn Article I, Section 7 of the Constitution, which gives the House of Representatives the sole power to originate "the raising of revenue." And let's be clear, adding new debt is new revenue. The president has no role.

In fact, the 14th Amendment would tie Obama's hands in the event the debt limit is not raised. He would be required to pay interest first; he is not allowed to default.

There is enough money for that. Everything else would then become a political decision. Does he pay Social Security claims and deny our armed forces their pay?

Does he play the time-honored game of past hucksters and charlatans by looking to block funding with the aim of hurting the public in order to get the legislative branch to give in? Or, is there a statesman inside that otherwise apparent empty suit?

Obama could shut down all the wasteful and needless departments and agencies of the government -- HUD, Commerce, Labor, etc. He could cut the federal work force by millions, while proposing less costly support programs to get the bureaucrats back into the productive private sector.

He could tell the states to manage their own affairs and pull the federal bribes. He could end the U.S. presence in more than 100 countries, tell the Europeans to start defending themselves and deploy the returning military personnel to the border with Mexico to help that country deal with the raging drug violence.

The list of things Obama could do is nearly endless, things that would save money so he could meet the constitutional mandate of the 14th Amendment, while paring back the monstrous federal government. But it would be his choice, his political decision.

So, as the negotiations continue over the debt ceiling and other budget matters, it might be good for Obama and his PR spin doctors to stop the empty threats and silly ploys and get down to work.

Blowing smoke and threatening a coup d'etat only makes them -- and the country -- look worse than they already do.

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Begin Trace Mode for Comment # 6.

#1. To: no gnu taxes (#0)

the president has the power to ignore Congress

Congress appropriated spending in excess of revenues, the 14th amendment requires the President to avoid default.

go65  posted on  2011-07-06   15:33:16 ET  Reply   Untrace   Trace   Private Reply  


#4. To: go65 (#1)

The 14th Amendment deals with the "public debt" - that is to say the ability for the federal government to pay back interest on T-bills that have been issued. Here is the problem: the likelihood that the federal government will default on the actual payment of interest on T-bills is pretty small. We have more than enough money to pay for that interest, and it will likely be the first thing "out the door" if we have a debt ceiling crisis, preventing a technical default at least.

no gnu taxes  posted on  2011-07-06   15:47:28 ET  Reply   Untrace   Trace   Private Reply  


#5. To: no gnu taxes (#4)

and it will likely be the first thing "out the door"

The federal government is also legally bound to pay entitlements, and of course I don't think anyone will support shutting down the military, border security, and so on.

go65  posted on  2011-07-07   9:42:55 ET  Reply   Untrace   Trace   Private Reply  


#6. To: go65 (#5)

The federal government is also legally bound to pay entitlements, and of course I don't think anyone will support shutting down the military, border security, and so on.

Nothing to do with the 14 Amendment. What is the basis for your declaration of "legally bound"?

no gnu taxes  posted on  2011-07-07   9:58:30 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 6.

#7. To: no gnu taxes (#6)

Nothing to do with the 14 Amendment. What is the basis for your declaration of "legally bound"?

you might want to look up the definition of an entitlement and review the legislation creating SS, Medicare, etc.

go65  posted on  2011-07-07 10:12:02 ET  Reply   Untrace   Trace   Private Reply  


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