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In reply to the discussion: Republican Doomsday Plan: Cave on Taxes, Vote ‘Present’ [View all]24601
(3,998 posts)42. You won't succeed challenging the constitutionally of the debt authorized by law, only
that debt that has not been authorized by law. The current law limits the authorized debt to those limits passed by both houses of Congress and signed by the President.
There is a proposal that would allow the President to raise the debt limit without Congressional action; however, that hasn't been passed. That proposal might be Constitutional, or the USSC could rule that it's not a permissible delegation of legislative power since Article I, Section makes borrowing money "on the Credit of the United States" a power specifically delegated to Congress.
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"The validity of the public debt of the United States, authorized by law... shall not be questioned"
Drale
Dec 2012
#1
You won't succeed challenging the constitutionally of the debt authorized by law, only
24601
Dec 2012
#42
I say the tax rates have to raise first. After we get the money coming in we can talk
Vincardog
Dec 2012
#4
Plus big time defense cuts in the 100's of billions $ BEFORE any entitlement cut
on point
Dec 2012
#12
Except that the businesses don't pay it - consumers do as part of the total transaction cost.
24601
Dec 2012
#43
So republicans want the Democrats to have all the credit for the middle class tax cut??
thelordofhell
Dec 2012
#8
Yeah sure, give us a situation where we can actually say that we alone helped ease the Middle Class
Mr.Turnip
Dec 2012
#10
Republican Aide: "You don’t take a hostage you aren’t willing to shoot”
Jeff In Milwaukee
Dec 2012
#11
Each additional person doing that reduces the power of anyone else doing it, because if you
patrice
Dec 2012
#28