The solution to the debt ceiling is obvious; it is so simple that it seems trivial. The 14th Amendment section 4 and 5 of the Constitution of the United States makes it clear in plain language, not even in legalese, that the validity of the public debt of the United States shall not be questioned and that congress has the authority to pass laws to that effect. There are provisos related to how and why the debts were incurred but these do not apply to the present situation. That only congress can spend money is valid but President Obama by executive order could restate what the constitution already says; he could and should authorize Treasury to spend the amount of money it would take to pay the debt incurred by congress. His authorization to pay the debt is not actually spending the money; congress has already done that. The debt is a valid therefore payable. The Republican attempt to use the debt ceiling as a tool to destroy entitlements is a farce and the President, in the name of the American people, should authorize payment; thus, quell the panic they are trying to induce by making the American People think it is a one time !3.5 trillion dollar lump sized payment.
No comments:
Post a Comment