Yeh, You have some case law on that? You think that section of the 14th just sets aside the entire Article 1 power of Congress? That will certainly be interesting to see. Let me know when Biden is ready to go that route. I love a good trainwreck.
So that indeed the question, when the government issues debt who can pay it and how. It’s important to note this is not new spending we are talking about, it’s debt (spending) already issued by congress. You were right that the amendment is rooted in the civil war debt but what you’re missing is the provision was put in precisely as a fail safe against “post war” bickering between the north and south and to ensure the national credit doesn’t falter because Congress can’t act. That IS the reason for the provision. The tricky part is that we never had to use it, unlike say the president’s war powers - That’s established. Nobody knows what it’s supposed to look like or should look like. Does the president just execute an order to fill the coffers, does he borrow, is it an iou? Or even if there is an actual mechanism or scheme that would work. Anyway, things are very political today, not that they haven’t always been, and people have gone way beyond common sense.
So, no case law. Your ilk are just looking at the constitution like a Rorshact Test projecting your hopes and beliefs on to it. As I said, go for it. Come up to the deadline and if you dont have a deal, then start a legal process to let it churn in the courts for a while even if expedited. As I said, "I enjoy a trainwreck." Incidentally, I just saw your girl Janet Yellen on the tube responding to the very question of using the 14th. She said, don't go there. It is too speculative and unreliable as to whether it would hold up. Now you can argue that she is not a constitutional lawyer and that may be. But you also know that she is in the midst of a process that includes all sorts of lawyers and legislators who are dumping their advice and expertise into the discussion- and it is clear she is not hearing anything hopeful in the direction of the 14th. Otherwise, they would be all over it.
Let me just say, you and none of us would enjoy a default train wreck. Of course many people are skeptical for a lot of different reasons. The Supreme Court is really a paid for branch of the federalist society and conservative billionaires. So they’ll do what they’re told. It’s not like they have fealty to the constitution. Then of course no one knows what it would look like or how it play out internationally. It’s obviously not ideal. Even beyond all of that. There’s no guarantee McCarthy can get a deal through the House anyway. Your side is so recalcitrant and frankly speaking swimming in stupid that many Republicans don’t even understand the ramifications of default. They love a train wreck too.
I see. You know that it would be constitutional but because the Supreme Court is in the hip pocket of billionaires they would not be able to see how right you are. Heh. Why don't you just take my central message which is that if you are truly interested in avoiding default that you should focused on doing a deal rather than getting caught up on conspiracy court theories and fake law where you are the only one who knows what the constitution says based on messages you are getting from the Mothership. Otherwise. The Biden Default coming right up.
Yeah. As stated earlier, I don’t have much faith McCarthy can get a deal through his caucus. You keep acting like your ilk are rational actors.
Maybe a spending freeze with more China tariffs as a hidden tax increase. Half of corporate profits come from the federal budget. Corporate taxes are passed on to the consumers. Consumers have no true representation.
Constitutionality would be irrelevant. It avoids the current train wreck and it funds gov. as it goes up the court. This bought and paid for SCOTUS would side w/what's good for their masters, IOW, ruling it constitutional. They're not going to tank the world economy on their watch.
It is too late for the SCOTUS to stop the damage even IF some lawmaker brought a case before them TODAY. I am getting the feeling that this time it is different, and all those GOP have Trump in the back of their minds, and really really want to ding Joe's reputation and pave the way for Orange to be #47. What better way than to crash the markets, the world economy and our financial reputation? This will give Trump all the talking points he needs to secure the nomination and the general election win. "See what happens people? This would have never happened on my watch! Stock market up! Jobs jobs jobs!"