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They are reading the Constitution of the United States in its entirety. Only second time in history if I heard correctly.
Looks like according to Amendment 14, section 4 the debt ceiling has to be raised.
Looks like according to Amendment 14, section 4 the debt ceiling has to be raised.
Yeah, and there is also something about only gold and silver as being currency in there too. So we only follow which portions we like.
Looks like according to Amendment 14, section 4 the debt ceiling has to be raised.
Yeah, and there is also something about only gold and silver as being currency in there too. So we only follow which portions we like.
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility
Looks like according to Amendment 14, section 4 the debt ceiling has to be raised.
Yeah, and there is also something about only gold and silver as being currency in there too. So we only follow which portions we like.
Article I, Section 8, Clause 5: The Congress shall have Power To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.
Article I, Section 10, Clause 1: No State shall coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt.
They may as well throw the thing out. It's been molested to the point of being essentially void.
The congress doesn't coin the money, and the states don't pay federal debts, or their burden to the feds in gold or silver.
But you go ahead and spin that bad boy however you like, del. It's a lost cause, the cosntitution.
The Constitution says the bills of the United States have to be paid. It does not mention borrowing the money to pay those bills.
The economy of the United States is not that much difference than your own. If you find yourself in a position where you cannot pay the rent every month do you borrow the money every month to pay the rent? No. You reduce your discretionary spending. Instead of getting season tickets to the theater you take that money and use it to pay the rent. Maybe you go out to dinner less often and let the date night babysitter go. Maybe you stop giving to charity. You cut down on the spending to make the bills. Which is exactly what the government should do.