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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That is the constitutional amendment threshhold, which has nothing to do with the debt ceiling, despite the chattering about the 14th Amendment. All Biden has to do is say the US is honoring its debts, and continue to pay them off. That is his constitutional duty, despite the "debt ceiling" rhetoric that is, under normal circumstances, unconstitutional.[/quote] There is nothing stopping Biden from paying off debts. It is about whether he can borrow more money in doing so. If he uses the 14th amendment option, I would not buy that debt, as there is no obligation to pay off debt that has not been authorized by Congress. It is a good way to get some free money for the government.[/quote] Nothing stopping him? How about the existing tax and spending laws that require the government to spend more than it taxes.[/quote] Why is it up to Biden to fix this mess? He should just ignore it and stop meeting with republicans. [/quote] Yes, choices would have to be made about which spending happens. It is Biden's leverage in negotiations, as he can threaten to withhold social security checks, or military pay.[/quote]
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