Will Obama Raise the Debt Ceiling on His Own?
Posted at noon on Oct. 1
Joe Weisenthal floats the possibility that President Obama could use the Constitution’s 14th Amendment to avoid a default on the nation’s debt in the event that Congress fails to raise the debt ceiling in time.
“With no movement on either side and the debt ceiling fast approaching, there’s increasing talk that the solution will be for Obama to issue an executive order and require the Treasury to continue paying U.S. debt holders even if the debt ceiling isn’t raised.”
“Indeed, back in 2011, Bill Clinton said he’d raise the debt ceiling by invoking the 14th Amendment rather than negotiate with the House GOP.”
Constitution Daily explains how this would work: “The argument over the 14th Amendment goes like this: Section IV says that ‘the validity of the public debt of the United States, authorized by law … shall not be questioned.’ Therefore, if you believe that the ‘public debt’ can’t be questioned in any context, the debt ceiling itself is unconstitutional.”
“Last December, Obama spokesman Jay Carney said the 14th Amendment was off the table as a negotiating ploy… But as we get closer to the October 17 debt deadline, it won’t be a great surprise if more talk about the 14th Amendment surfaces.”