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White House Says 14th Amendment Won’t ‘Fix The Current’ Debt Problem
By Brandon Drey•
May 23, 2023 DailyWire.com
The White House on Tuesday said invoking the 14th Amendment to prevent the U.S. from defaulting on $31 trillion debt won’t solve the national crisis after nearly a dozen left-wing Senators suggested President Joe Biden use such authority.
“It is not going to deal with the problem that we’re currently having at this moment, at this time,” White House press secretary Karine Jean-Pierre told reporters. “What we need to focus on is Congress acting.”
The debt ceiling, a statute established by Congress that prevents the government from spending beyond a predetermined national debt limit of $31.4 trillion, exceeded the threshold earlier this year.
Treasury Secretary Janet Yellen affirmed in a letter that her agency expects to default as early as the first day of June unless lawmakers amend the debt limit. Republicans desire to link a temporary increase in the debt ceiling with spending caps, while Democrats say they prefer separate processes for debt limit negotiations and budget reforms.
More here: https://www.dailywire.com/news/white-house-says-14th-amendment-wont-fix-the-current-debt-problem
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The Fourteenth Amendment Is No Blank Check for Debt Increases
July 11, 2011 8 min read Download ReportAndrew Grossman
Former Visiting Fellow
Andrew served as a Visiting Fellow.
Abstract: A clause of the Fourteenth Amendment to the United States Constitution provides, “The validity of the public debt of the United States…shall not be questioned.” Far from authorizing the President to incur more debt—a power vested solely in Congress—this clause bars Congress from repudiating debt that it has already incurred. Whether a default would amount to repudiation is an open question, but one that need not be answered at a time when tax revenues are sufficient to service current debt. Not only is the debt limit consistent with the Constitution’s separation of powers, but there is a colorable argument that it, or something like it, is constitutionally mandated.
The full report here: https://www.heritage.org/budget-and...eenth-amendment-no-blank-check-debt-increases