4 ms·
I think the Supreme Court might rule that the new debt issued when the debt ceiling was exceeded was not valid. The most likely way this could happen is if a ne
by bbsm_777 3y ago
I think the Supreme Court might rule that the new debt issued when the debt ceiling was exceeded was not valid. The most likely way this could happen is if a new administration refused to pay the obligations due on bonds issued in excess to government appropriations. Typically the 14th amendment would actually be seen as requiring the payment of this debt, but if someone challenged the non-payment the Supreme Court could rule the debt was not issued in compliance with law.