Moody's Seems To Understand The Credit Market (Amendment XIV Is Likely Sufficient)!

Discussion in 'Politics' started by mascale, Jul 18, 2011.

  1. mascale
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    mascale VIP Member

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    Moody's has finally suggested a more Back to Basics, Constitutional Approach, to the U. S. Credit Market program. The suggestion is to revert to pre-1917, and abollish the debt ceiling.

    Moody's warns again on U.S. debt: eliminate debt ceiling - Jul. 18, 2011

    Before 1917, Amendment XIV contained the provision, "The validity of the public Debt of the United States, authorized by law, including debts. . .(incurred when there was no debt ceiling). . .shall not be questioned."

    There is no specific Constitutional requirement of the debt ceiling. In fact the United States was able to create a deficit without it--In fact starting from day one.

    Majority Rule--for example in Corporate Stockholding--is no longer intended by The New GOP of the Old Fat White People, Cavoriting About Naked On Other People's Yacht's, Dumpting Substance and Other Treasure Into the Sea--to be legal again in the United States.

    The Constitutional basis is not clear, but the obligations have already been incurred, and in majority rule, and even in the most recent federal budget.

    Moody's seems to know all about them.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Cavoriting About. . . On What Basis are they doing this(?)!)
     

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