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This is why the Supreme Court wouldn't rule against this. It's a game of chicken, but it's very important to the Court to never make a decision that simply can'
by sanderjd 3y ago
This is why the Supreme Court wouldn't rule against this. It's a game of chicken, but it's very important to the Court to never make a decision that simply can't be executed by the elected branches. And the individual human beings on the Court know this and enough of them would find some rationalization they could live with to avoid such a ruling.
- function_seven 3y agoI think you're right. If I'm sitting on the court, I might accept whatever flimsy loophole the Executive Branch provides, and say, "Congress is free to clarify their intentions at any time to resolve this impasse". Now the ball is in the House's court. Are they going to vote to positively default? (Rather than passively not act before some deadline, like how they do it now?) I bet not.
- fnordpiglet 3y agoGiven the 14th amendment exists and its purpose was in fact to assure the treasury would always pay its debts and the constitution overrides any law, it wouldn’t be a very flimsy loophole to say congress would need to clarify possible up to and including an amendment. The debt ceiling isn’t specifically about paying debts but about authorizing new borrowing. So while the treasury may not be able to legally issue debt to pay existing debt, it would be required to pay debt. This is of course the starve the beast goal of the debt ceiling to force spending cuts to pay the debt by making the debt payment so vast that the federal government would become a shadow of itself in that eventuality. However since the law has never been contested it’s not clear it would work. But the treasury of course has many other ways of paying debts, including simply issuing currency. Even if the 14th amendment doesn’t invalidate the debt ceiling, the treasury still must pay the debts, and doesn’t have to do so by cutting spending. It would however be more orderly and strictly better for everyone if the 14th amendment did invalidate the debt ceiling in a situation that questioned the treasuries ability to make whole debts without resorting to disruptive measures.
- immibis 3y agoThe 14th amendment doesn't say the Treasury must always pay its debts. It says everyone has to act as if the Treasury will always pay its debts. It could default tomorrow, and you'd be constitutionally required to accept T-bills at face value anyway.
- jjeaff 3y ago"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." It is strangely worded, but I think it could be interpreted to also mean that the government shall not do anything that would call the validity of the debt into question. It doesn't really make sense to pass an amendment that tries to mandate the perception of the validity of the debt. if the government stops honoring it, then the invisible hand of the market will consider it invalid.
- immibis 3y agoThat would be a reach. The non-reaching interpretation is the face value one: the validity of the public debt ... shall not be questioned. It's hardly the most anti-market law around - the US has farm subsidies, and some countries even have price controls.
- ndriscoll 3y agoWhat would that even mean though? Bonds are sold at auctions, and already sell at a price different from face value. The difference determines the yield. You could have "no one questioning the validity" but people are still going to either not participate in the auction, or bid only for high yields.
- jjeaff 3y agoOne of the factors in evaluating a case is whether the proposed remedy is feasible or even possible. I'm not sure what forcing everyone else to "consider valid" a government bond that is not being honored. Do you arrest and imprison anyone who reveals that they are not getting paid on their bond at maturity? Do you force buyers to buy it at face value, even though they know it will not be honored?
- dragonwriter 3y ago> I think you're right. If I'm sitting on the court, I might accept whatever flimsy loophole the Executive Branch provides, and say, "Congress is free to clarify their intentions at any time to resolve this impasse". See, that's why you aren't on the Court. What the kind of people that actually get put on the Court would mostly due to allow the action without endorsing its legality would be: (1) Be sticklers about standing and other threshold issues (ripeness, mootness, etc, but standing is the big and most useful one here); almost no litigant other than Congress acting as a whole will have the kind of particularized injury to allege that would give them standing to challenge paying the debt (an actual creditor might have standing the other way, but that's not the scenario we’re concerned with.) (2) If you really can’t kick the case for standing or other threshold issues (well, first, amateur, but...) then invoke the “political question doctrine” to avoid it anyway.
- function_seven 3y agoHaha. Well obviously that what I meant by my shorthand phrasing! But like, for other people who aren't so smart, thanks for detailing the mechanisms I would use :)
- JumpCrisscross 3y ago> almost no litigant other than Congress acting as a whole The House as a whole would probably have standing.
- function_seven 3y agoOh you just gave me an idea for another hypothetical. If the House was unable to elect a Speaker during the time the debt ceiling was breached, would they even be capable of bringing any action before the Court? One stalemate averted by another!
- dragonwriter 3y agoIt is only a rule of the House that limits business that can't be done pending election of a speaker (and before the recent crisis was resolved, one of the solutions proposed was changing the House rules to allow more with an Acting Speaker), so, not in any way that the House itself couldn’t bypass, even without electing a Speaker.
- xwdv 3y agoIf there’s anything I’ve learned in the past decade is that way, way too much of our government relies on people in power being rational actors with good intentions. If they wanted to raise hell they could simply make the worst decision and there’s nothing that can be done about it.
- sanderjd 3y agoGovernments, like societies in general, are just aggregations of human beings. No facade of legalisms can ever fully overcome that fundamental truism.
- omginternets 3y agoI've always thought of it as an attempt to engineer peer-pressure. Build institutions that recruit like-minded people in the hopes that when faced with tremendous pressure, the group can force individuals to fall in line around a predetermined principle.
- sanderjd 3y agoI think the fancy way of saying this is that it attempts to solve "coordination problems".
- xwdv 3y agoWhat they didn’t foresee is that some people are immune to peer pressure because their goal is to inflict harm.
- omginternets 3y agoMy take is a bit different to yours. I think they didn't anticipate a concerted effort to undermine like-mindedness of the people comprising institutions in an attempt to make an egalitarian society. It's not that long ago that people appreciated the difference between social exclusion and custodianship, and recognized that some amount of gatekeeping is essential to institutional function. To be clear, that same gatekeeping can be and has a times been perverted into social exclusion, but the problem at hand IMO is the discarding of the baby with the bathwater.
- analognoise 3y ago“John Marshall has made his decision, now let him enforce it.” The Supreme Court has been ignored before.