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Will Barack Obama Use the 14th Amendment As a Way To Get Around the Debt Ceiling?

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Will Barack Obama Use the 14th Amendment As a Way To Get Around the Debt Ceiling?

Post by gigichicago on Tue Jul 19, 2011 1:34 pm

I hope he does if the GOPs don't come to an agreement.

As the deadline to raise the debt ceiling draws closer, many are now wondering if Barack Obama will try to go around Congress if a deal is not reached by August 2nd. In particular, a number of voices (including U.S. Treasury Secretary Timothy Geithner) are now touting the 14th Amendment as a way to get around the debt ceiling. There are others that believe that Barack Obama should invoke "national security" in order to avoid a default. If the Republicans and the Democrats do not reach a deal by the end of July, things are going to get really, really interesting and there is no telling what Barack Obama may do.

Section 4 of the 14th Amendment to the U.S. Constitution says the following....

"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."

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Re: Will Barack Obama Use the 14th Amendment As a Way To Get Around the Debt Ceiling?

Post by elvis44102 on Tue Jul 19, 2011 9:21 pm

Of the 150 cases involving the Fourteenth Amendment heard by the Supreme Court up to the
Plessy v. Ferguson case in 1896 that established the legal standing of “separate but equal,” 15
involved blacks and 135 involved business entities. The scope of the Fourteenth Amendment to
secure the political rights of former slaves was so restricted by the Supreme Court that blacks
won only one case. The expansive view of the Fourteenth Amendment that comes down to
Constitutional Law classes today is the result of corporations using the Fourteenth Amendment
as a shield against regulation. Ultimately the Plessy decision left Jim Crow laws, state laws
discriminating against blacks, in place because of doctrines developed in those corporate shield

I wish they would use the 14th as it appears to Corporate Americas favorite.....How Ironic

and very fitting
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