So, with the shenanigans now going on in the budget talks, the fear of a looming debt limit crisis is growing. Those fears are
quite real, and if no deal is reached, a default could have vast and serious consequences.
As a response, many (including
Congressmen involved in the debt ceiling fight) have suggested that there is a constitutional bar on
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II. The Debt Ceiling
'The Congress shall have power ... To borrow money on the credit of the United States.'
Article I, Section 8
'The validity of the public debt of the United States ... shall not be questioned.'14th Amendment, Section 4 ( ... )
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Seriously, it reads as a propaganda piece.
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