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bucolic_frolic

(55,272 posts)

12. I wonder though if debt payments are inviolable

Reply to Nevilledog (Original post)

Wed May 3, 2023, 09:49 AM

May 2023

The GOP when holding majorities and the presidency, could hollow out the US financially with tax cuts for the wealthy and make taxpayers pay for it or just force deficit spending to debase the US dollar.

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Is the Debt Limit Constitutional? Biden Aides Are Debating It. [View all] Nevilledog May 2023 OP

I personally lein to the theory that the 14th Amendment controls LetMyPeopleVote May 2023 #1

I agree Nevilledog May 2023 #2

Agreed ..... anciano May 2023 #9

Sounds pretty cut and dried to me Bayard May 2023 #3

Because it doesn't guarantee anything. Beautiful Disaster May 2023 #11

And there is the pressure on Republicans to not let the US default Buckeyeblue May 2023 #14

I think they're on to something. dchill May 2023 #4

That is unambiguously clear, it doesn't mention the federal budget, it concerns debt. bucolic_frolic May 2023 #5

If the Constitution says the government has to pay its bills, why was there ever Ocelot II May 2023 #6

14th Amendment. Go right ahead paying our bills. TdeV May 2023 #7

just keep paying the bills crud May 2023 #8

yeah let them crash the airplane GenXer47 May 2023 #10

I wonder though if debt payments are inviolable bucolic_frolic May 2023 #12

The 14th Amendment allows the President to take lawful actions to prevent default on our debt LetMyPeopleVote May 2023 #13