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Dear GOP, default is unconstitutional
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Issue
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Mar 31, 2011 09:26am |
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| Category | Commentary |
| Author | THOMAS GEOGHEGAN |
| News Date | Thursday, March 31, 2011 03:25:00 PM UTC0:0 |
| Description | When the House membership read the Constitution aloud in January, where did it find the part that gives Congress the power to default on the nation’s debts?
Nothing justifies the claim that Congress has the power to cause a default on the national debt — or put a cap on expenditures that Congress duly authorized.
Indeed, Article I, Section 10, prohibits states from impairing the obligation of contracts. Nowhere in Article I does it give Congress the power to do what is forbidden to the states. Congress has never had the power to set a debt ceiling or trigger a default to get out of paying its debts.
If there is even the slightest question, the 14th Amendment denies anyone — including Congress — the power to default on the debt or ruin the credit of the United States. |
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