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Is the Debt Limit Constitutional?

Discussion in 'Political Debate & Discussion' started by Crabtownboy, Jul 28, 2011.

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  1. Crabtownboy

    Crabtownboy Well-Known Member
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    Is the debt limit constitutional or is there no way to limit the debt, that is to place a cap on it, other than another constitutional amendment? Does the wording in the 14th amendment remove the legality of Congress setting a debt limit?

    Some Democrats are arguing that Obama can set the debt limit without the agreement of Congress.

    Are the Republicans cynical enough to hope Obama does increase the debt limit and then say he should be impeached?


     
    #1 Crabtownboy, Jul 28, 2011
  2. FR7 Baptist

    FR7 Baptist Active Member

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    The debt limit is constitutional. That clause only prevents the government from repudiating the debt already incurred.
     
    #2 FR7 Baptist, Jul 28, 2011
  3. targus

    targus New Member

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    “The validity of the public debt of the United States, authorized by law..."

    Your answer is right there.

    "Authorized by law".

    The government does not have the authority to commit our country to limitless debt.

    The debt is governed by law.

    Congress makes the laws - not the President.

    Congress sets the limit on the debt - not the President.
     
    #3 targus, Jul 29, 2011
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