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Showing Original Post only (View all)14th Amendment Option: Nancy Pelosi Urges Obama To 'Just Go Do It' [View all]
http://www.huffingtonpost.com/2013/01/06/14th-amendment-option_n_2420461.html?utm_hp_ref=politics(snip)
Appearing on CBS' "Face the Nation," Pelosi offered her strongest endorsement to-date of the 14th Amendment option, which holds that Congress doesn't have the power to use the debt ceiling as a hostage-taking device because the validity of the debt shall not be questioned.
Nancy Pelosi: Well, you ask the Republicans, because we always passed the debt ceiling. When President Bush was president, as he was incurring these massive debts, and the Republicans weren't saying 'boo' at the time. There should be, this is a conversation where there should be no doubt. In fact, if I were president, I'd use the 14th Amendment, which says that the debt of the United States will always be paid.
Bob Schieffer: You would just go ahead and do it, you wouldn't wait for the Congress?
Nancy Pelosi: I would just go do it. But the Congress has incurred much of this debt. And so what are you saying, we incurred it but we're not going to pay it? If you want to say, 'We are not going to do it so much in the future,' well that's another thing. But you can't say, 'I'm not paying my past debts.'
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Right, i'm talking about any t-bills sold under the auspices of a 14th amendment assertion of
yodermon
Jan 2013
#6
"The issue is that the Constitution trumps any law Congress passed." oh really?
leftyohiolib
Jan 2013
#23
There are really only 2 good choices. Obama will choose a third very bad option
BlueStreak
Jan 2013
#2
Well maybe, but the American Jobs Act that he put forth to Congress just languished in the House.
xtraxritical
Jan 2013
#38
You can't really make deals involving amendments to the constitution, it has to be ratified by the
TheKentuckian
Jan 2013
#24
Congress still holds the power of the purse. This "solution" solves nothing. And Nancy knows so.
Romulox
Jan 2013
#5
Pssst....ONGOING budget negotiations. Free up this pile o' cash, still need another
Romulox
Jan 2013
#9
What Pelosi and Krugman say is irresponsible and would set dangerous precedents.
merrily
Jan 2013
#34