The 14th Amendment very clearly says the validity of America's credit and its debts cannot be questioned. I don't have the exact phrase, but it's about as clear as you can get. And so for people who believe in the Constitution, it is to me, beyond bizarre that they're doing this. And I think that President Obama should if he is forced to assert that what Congress is doing is unconstitutional and simply use his a consecutive authority to do what he needs to, to make sure that the United States makes good on its debts.That's not in the 14th Amendment I remember, but sure enough it's in there:
Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.posted by peeedro at 12:40 AM on July 1, 2011 [1 favorite]
I'm guessing most people commenting on metafilter weren't born before or during WWII.The subject is the world post-Pax-Americana, right? So if we want data we pretty much *have* to look at WWII and earlier. We're trying to imagine a future more like the past, one where success as a dictator correlates less with kissing-DC-ass skill and even more with ruthlessly-crushing-opposition skill. It seems relevant that the last time we lived in a world where dreams of world domination were considered plausible, would-be-world-dominators were relatively common and poorly behaved, and even the "good guys" were cruel imperialists (in the literal sense, not just the modern often-metaphorical usage) and communist dictators.
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So that stupid loopholes, that are really institutionalized corruption, that have been made in the tax code to favor certain industries or favor certain interest groups in return for campaign contributions - we can't even close those because he says that's technically raising taxes on someone and Republicans have signed a pledge that they will raise taxes on no one. So youve lost the one kind of easy mechanism that the Simpson-Bowles commission found to raise revenues without raising general rates. And as I say, it leaves you with the feeling that the system has now become, essentially, paralyzed.
Basically, the choice Americans are faced with is to get over Republicanism, or say goodbye to being a first world country.
posted by aeschenkarnos at 9:20 PM on June 30, 2011 [13 favorites]