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FBaggins

(28,707 posts)

14. The problem with that theory...

Reply to Silent3 (Reply #10)

Tue May 9, 2023, 08:29 PM

May 2023

Is there is no default position that the executive can spend dollars that are budgeted if they exceed the funds raised by taxes. The only reason that the executive branch can issue debt for any shortfall… is the same law that set a limit on how much could be borrowed.

It’s hard to argue that one side of that coin is constitutional (indeed … required?) and the other side is not.

The only real option is to go to Congress and say “you didn’t give us enough money to spend what you told us to spend. We have to stop now until you fix it”

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Laurence Tribe nails it on the debt ceiling. It has always been unconstitutional [View all] applegrove May 2023 OP

It's been all like all the other noise that comes from the GOP. Bluethroughu May 2023 #1

Here's the video of Laurence Tribe on with Lawrence O'Donnell, for those who missed it: Rhiannon12866 May 2023 #2

Thank you.. Cha May 2023 #12

Tribe is incorrect - and he very likely knows it FBaggins May 2023 #3

Biden absolutely can ignore the debt ceiling... Silent3 May 2023 #4

Not really - those aren't parallel actions. FBaggins May 2023 #6

If it's found unconstitutional then Elessar Zappa May 2023 #7

Take Congress to court and it takes way too long to solve this problem Silent3 May 2023 #8

Not really a legal argument FBaggins May 2023 #11

I don't see how this is a constitutional violation Shrek May 2023 #9

We're creating new debt to cover existing obligations Silent3 May 2023 #10

The problem with that theory... FBaggins May 2023 #14

It's easy to argue for it Silent3 May 2023 #16

If he has the power to issue debt then he also has the power to raise taxes Shrek May 2023 #5

The Supreme Court won't throw it out until there's a GOP president fighting a Dem Congress Bucky May 2023 #13

I rather enjoyed how simple and easy his explanation was Kennah May 2023 #15

Why did President Obama, a former law professor, agree to spending cuts Jose Garcia May 2023 #17