4 ms·
They can unwind it regardless of any contractual obligations. State can simply pass a law and dissolve any contract with stroke of a pen.
by sytelus 4y ago
They can unwind it regardless of any contractual obligations. State can simply pass a law and dissolve any contract with stroke of a pen.
- deleted 4y ago[deleted]
- oh_sigh 4y agoWhy even bother with that? Wouldn't a better method just to ignore that the bond exists, go about their business, and if they get sued, put their hands over their ears and say "LALALALA I CAN'T HEAR YOU"
- paxys 4y agoA government body can't just legislate away its debts. Courts exist for a reason.
- hash872 4y agoI don't mean to be curt, but that's absurd. The whole purpose of having 3 separate branches of government is that they're not above the law. The legislature (or Congress, or the President) is constrained by the judiciary
- jdlshore 4y agoIf you had read the article, you would have learned that the state can't do that, and why they can't. That's what the entire article is about.
- sytelus 4y agoThe article says "Under the U.S. Constitution, a state can only impair an existing contract if the impairment is reasonable and necessary to serve an important government purpose.". I hope you can see how broad and left to interpretation this is. In the worst case, state can modify its constitution and compell to disolve this specific contract. Courts only exist to protect the constitution and they need to follow the law created by legislature. Courts are not there to create new laws.