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former9thward

(31,981 posts)
13. Again no one is questioning debt.
Sun Jan 13, 2013, 12:55 PM
Jan 2013

Which is different than "obligations". When you read the 14th A you will notice the first part applies to the U.S. and uses the term "public debt". When the amendment was first proposed the words "or obligations" was part of it. Congress rejected that phrase because they knew that no Congress can ever bind a future Congress in terms of spending. You will notice the phrase "or obligation" is part of the amendment which applied to the Confederacy.

The debt ceiling law applies to borrowing not debt. Borrowing is just one way to pay bills. There are many others such as increased revenue or cutting budget items. I doubt President Obama wants to do something unconstitutional which would call into question all borrowing and spending when it was declared unconstitutional. The U.S. brings in about $200 billion a month in revenue. That is plenty of money to pay our public debt. But it is not enough to pay for other spending and that is the problem.

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