OPINION: Will Biden Use 14th Amendment To Increase The Debt Ceiling?
If you turn on the news, all we hear about is the debt ceiling. It will be an “economic calamity” if the debt ceiling isn’t increased. Since the 1960s, we have increased the debt filing 78 times. Our debt has gone from $9.6 trillion in 2008 to now it is $31.7 trillion today. In 15 years, the US has accrued $22 trillion in debt.
It sounds as if the Republicans in the House and Senate are standing strong and are insisting on spending cuts for an increase in the debt ceiling. Let’s hope they stick to it. Unfortunately all we have is hope.
The democrats are using “fear” to pressure the republicans into caving on their stance using the media to work their manipulation. Their latest ploy is to use the 14th Amendment of the US Constitution to allow Biden to issue an executive order bypassing Congress.
From Reuters: If Congress fails to act, some legal experts say Biden has another option to avert a crisis: Invoke the 14th Amendment to the U.S. Constitution to ensure the United States can continue to pay its bills. Section Four of the amendment, adopted after the 1861–1865 Civil War, states that the “validity of the public debt of the United States … shall not be questioned.” But the clause has been largely unaddressed by the courts.
The Fourteenth Amendment is the amendment for “Rights Guaranteed: Privileges and Immunities of Citizenship, Due Process, and Equal Protection.” Now, if you look at the full wording of the Section 4 of the amendment, it is unclear how this would be used to increase the debt limit.
From Constitution: Fourteenth Amendment, Section 4: The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
Why was an important part of the section left out talking about insurrection or rebellion? Could the border play a role with the debt ceiling? The omitted part could give us the clue on what the administration is doing. It answers why the border is being left unattended and being left open beginning Thursday after the expiration of Title 42.
Those of us in the know have been screaming about the “real” insurrection at the border, not January 6. Is the Biden administration allowing the border to erupt on May 11? Just to enable the signing of an executive order for the debt ceiling, like he did for the student loan debt forgiveness.
Biden has already said that he needs to finish his job, which is to finish off America as we have known it. He wants to spend and invest — into the pockets of politicians.
More than 65% of Americans don’t pay attention to the news according to the Gallop/Knight Foundation polling ‘Americans’ Attention to National News Lowest in Four Years’. People are paying attention to the news, but they know. They know they have had to adjust budgets. They see their bank statements going down and credit card statements going up. Most Americans go to the polls and vote according to their pocketbooks in the election. What will they do in 2024? Will they want truth and stability or more of the same lies and chaos?
So the question would be, shouldn’t republicans stick to their policies and hold the democrats accountable no matter the cost? If the spending isn’t cut back, don’t allow a debt ceiling increase. Push back on the executive order that Biden will enact. Push back on the democrats. Let the American people see what would happen. I hate to say it but the economic strain hasn’t hit enough Americans in their pockets. Should republicans push back risking that more Americans will feel the financial pain?
Despite the fear the democrats push, the government still brings in $500 billion each month, enough to pay for our seniors and military. Social Security and Medicare would get paid for our seniors. Our military and defense would get paid along with the interest on the debt. All others would see enormous cuts or elimination, like the CIA, FBI, DOJ, and all other departments– what good are they anyway?
Either, we are going to crash now or later. We are in financial ruin. Our country’s leaders, except a select few, are more concerned about equity rather than protecting its citizens. I say it is about time to let us crash and we can pick up the pieces. Yes it will be hard, very hard in fact, but the next generation may not have the wherewithal to get it done.
Reuters Article: https://www.reuters.com/…/biden-says-not-yet-ready…/
Gallop Poll survey from 2021: https://knightfoundation.org/…/americans-attention-to…/