LOGO
USA Economy
USA economic debate

Reply to Thread New Thread
Old 07-28-2011, 08:59 PM   #1
Diondra

Join Date
Oct 2005
Posts
375
Senior Member
Default
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.
Constitutionalists will argue that it also doesn't permit Barry to issue NEW debt, which is a power delegated by the States solely to the federal Congress under Article I, Section 8 ..

(Not implying anything)
Diondra is offline



Reply to Thread New Thread

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

All times are GMT +1. The time now is 01:33 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2
Design & Developed by Amodity.com
Copyright© Amodity