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**Tjfyojlg** · 07-28-2011, 02:04 AM

There's a suggestion that the Fourteenth Amendment (which includes language related to honoring our debts) means that we constitutionally cannot default, but Obama's made it clear thus far that this is the House's' problem and they need to solve it.

I imagine by the time that got worked out in the courts Congress would have come up with a deal to have mooted the case (unless SCOTUS granted an injunction). It'd be interesting to see...

The new harder to solve issue isn't default as much as S&P downgrading the debt anyways unless a certain amount is cut from debt.

07-28-2011, 02:04 AM	#6
Tjfyojlg Join Date Oct 2005 Posts 405 Senior Member	There's a suggestion that the Fourteenth Amendment (which includes language related to honoring our debts) means that we constitutionally cannot default, but Obama's made it clear thus far that this is the House's' problem and they need to solve it. I imagine by the time that got worked out in the courts Congress would have come up with a deal to have mooted the case (unless SCOTUS granted an injunction). It'd be interesting to see... The new harder to solve issue isn't default as much as S&P downgrading the debt anyways unless a certain amount is cut from debt.
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