3 ms·
Dude that is what I said. It's only purpose is so that Congress doesn't have to approve EVERY BOND issue. Congress can for sure approve a new bond issue separat
by ROTMetro 3y ago
Dude that is what I said. It's only purpose is so that Congress doesn't have to approve EVERY BOND issue. Congress can for sure approve a new bond issue separate of the debt ceiling. The Dems should put forward a special bond bill to fund keeping the government running that isn't a raise on the debt ceiling but just a bond bill for a specific bond sale. Good luck seeing the Republicans argue not passing that (it's not an increase to the debt ceiling after all). The debt ceiling is purely to make issuing debt easier but was created for and has no other purpose than administrative ease and lower the amount of bills Congress has to pass. It was never intended as a sword of Damocles, and it is definitely superseded by the 14th Amendment.
Hope the Republicans enjoy the civil rights violation lawsuits from everyone who suffers actual damages when their mortgage interest rates go up due to the Republican's violating the 14th Amendment so that the Republicans can benefit from that fallout. Especially now that the head of the Republican party is on the record stating that a failure to raise the debt limit will benefit the Republican's politically come election time.
- rayiner 3y agoWhat would be the 14th amendment violation?