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Reply #23: Obama must pay public debt (no default) and pensions [View All]

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alc Donating Member (649 posts) Send PM | Profile | Ignore Wed Jul-27-11 08:50 AM
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23. Obama must pay public debt (no default) and pensions
We have more than enough revenue each month for that. It looks to me like the 14th says Obama can shut down every government program and fire every federal employee, but he has to pay public debt (the SS trust fund is not public debt so screw it if necessary). repubs will probably try to argue that all the wars are suppressing insurrection by keeping the wars "over there", but I'd guess those can be shut down before defaulting on public debt.

I can actually see an argument that raising the debt ceiling without significant cuts or revenue increases is NOT an option because it could put us in violation of the 14th amendment in 10-20 year.
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