Thread: Desperate Dems Float 14th Amendment As Debt Ceiling Override

Desperate Dems Float 14th Amendment As Debt Ceiling Override

SUNDAY, MAY 07, 2023 - 08:00 PM

As yet another battle looms between Republicans and Democrats over the debt ceiling, a new piece of potential leverage has been floated - using the 14th Amendment as a last-ditch effort to avoid default.


The amendment, aimed primarily at extending the Bill of Rights liberties to former slaves, includes a section which states that "the validity of the public debt of the United States … shall not be questioned," with the implication that it would allow President Biden to unilaterally raise the debt ceiling.

When asked on Friday during an MSNBC interview whether this option is on the table, Biden didn't say no - just that we've "not gotten there yet."
Treasury Secretary Janet Yellen, however, said that relying on the 14th Amendment would create a "constitutional crisis."
"There is no way to protect our financial system in our economy, other than Congress doing its job and raising the debt ceiling and enabling us to pay our bills and we should not get to the point where we need to consider whether the President can go on issuing debt. This would be a constitutional crisis," she told ABC's "This Week."
That said, she also didn't rule it out.




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Treasury Secretary Janet Yellen refuses three times to rule out Biden unilaterally "invoking the 14th Amendment" on the debt limit

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9:45 AM · May 7, 2023

Yellen warned that if Congress doesn't act to solve the issue, "we will have an economic and financial catastrophe that will be of our own making, and there is no action that President Biden and the U.S. Treasury can take to prevent that catastrophe."
White House aides have reportedly looked into the use of the Amendment in order to avoid default, The Hill reports.
Lawmakers, on the other hand, say that default can only be avoided if a deal is reached between Biden and House Speaker Kevin McCarthy (R-CA). The pair are scheduled to meet on Tuesday for the first time since February in order to negotiate.

Desperate Dems Float 14th Amendment As Debt Ceiling Override | ZeroHedge

Fourteenth Amendment

Fourteenth Amendment Explained

Section 1

All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
Section 2

Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed. But when the right to vote at any election for the choice of electors for President and Vice-President of the United States, Representatives in Congress, the Executive and Judicial officers of a State, or the members of the Legislature thereof, is denied to any of the male inhabitants of such State, being twenty-one years of age, and citizens of the United States, or in any way abridged, except for participation in rebellion, or other crime, the basis of representation therein shall be reduced in the proportion which the number of such male citizens shall bear to the whole number of male citizens twenty-one years of age in such State.
Section 3

No person shall be a Senator or Representative in Congress, or elector of President and Vice-President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.
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.
Section 5

The Congress shall have the power to enforce, by appropriate legislation, the provisions of this article.

U.S. Constitution - Fourteenth Amendment | Resources | Constitution Annotated | Congress.gov | Library of Congress

This corrupt tyrant needs to be in Gitmo!