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Old 01-08-2013, 10:13 PM   #28
go bowe go bowe is offline
bye bye bo...
 
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Join Date: Nov 2002
Location: independence
Casino cash: $6471
Quote:
Originally Posted by trndobrd View Post
The debt ceiling is a limit on how much the treasury is authorized by Congress to borrow, not a limit on how much current debt will be repaid.

The 14th Amendment states that debts will be repaid (be it Civil War era or all debts), not that the Congress is somehow obligated to incur additional debt. The idea that the President could 'invoke' the 14th Amendment to require more borrowing is non-nonsensical.
non-nonsensical? that's pretty bad...

now that you mention it, it is a strange idea isn't it?

i've been reading too much of bucpea lately...
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