DEBT CEILING BATTLE LOOMS IN UNCONSTITUTIONAL TERRITORY
That in itself would be a violation of the Constitutions 14th Amendment which states in 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." As anyone can clearly see this Section of the Amendment states that all debt incurred by The United States must by law BE PAID.
It DOES NOT remotely suggest borrowing to do so as Bill Clinton is suggesting as he calls for Obama to exercise this Amendment to raise the debt ceiling by Executive Order. There is nothing in the Amendment calling for borrowing or raising any debt ceiling to pay the debt. It only requires BY LAW that the debt be paid. So defaulting by Presidential order as a scare tactic whether the debt ceiling is raised or not violates the Constitution and is ILLEGAL.
GOP Minority Leader Mitch McConnel has proposed allowing Obama to raise the debt ceiling by proposing it first to Congress then Congress in turn voting on equalizing spending cuts to the raise. Obama then can VETO and use Executive power to raise the ceiling which ALSO violates the Constitution as the ONLY government Branch which has the Constitutional authority over financial matters is the Congress.
McConnels bill in essence grants unconstitutionally dictatorial powers to Obama handing Congressional authority to the Presidency violating the separation of powers and Article II of the Constitution which establishes the financial authority of the Congress and the Congress ONLY.
The third option before Congress that Obama and Reid like which should be enough for anyone with any sense to run away from it as fast as possible, calls for $1 trillion dollars in tax hikes along with $3.5 trillion in discretionary spending cuts. Which does not tackle any of the over bearing spending of the government and as we all know when discretionary spending is put on the table Congress uses their discretion to NOT fulfill these type of cuts. So once again the bill increases taxes and does NOTHING to tackle spending!
The House passed what is being called, Cut Cap and Balance which cuts spending but not enough, still raises the debt limit which is not necessary if serious spending cuts are made and calls for a balanced budget Amendment which is a great idea but because most in Congress aren't serious along with Obama about cutting spending in order to truly balance the budget they do not want an amendment which would bring the courts into the mix forcing by law a balanced budget.
This entire debacle is being played out with scare tactics threatening to hold SS, VA, unemployment and disability checks hostage with Obama being the terrorist holding the hostage to get his way. He also is threatening to violate the Constitution by defaulting unless he gets his way. While I fully believe that even without a debt ceiling deal, which as I mentioned is not necessary because we have the revenue from just one month to meet ALL of the debt and check obligations, the debt and the checks will be paid. If Obama orders otherwise he is violating the Constitution and by law should be impeached and removed from office!