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onenote

(42,799 posts)

19. Pretty sure both parties "created the debt."

Reply to LakeArenal (Reply #10)

Sun May 21, 2023, 12:53 PM

May 2023

The $1.5 trillion Omnibus Appropriations bill of 2021-2022 was enacted last year by a vote of 260-171 in the House and 68-31 in the Senate. All Democrats and a minority of Republicans supported the spending bill.

I agree that we should do away with the debt ceiling limit, but that isn't going to happen any time soon. So the issue is what is the best way to deal with a bad situation.

Ignoring the ceiling, and Article I, Section 8 of the Constitution doesn't seem like a very good solution since I'm not sure who is going to be willing to lend money to the US on anything approaching viable terms when the validity of such debt would be unresolved.

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Highlight:

Should President Biden invoke the 14th Amendment [View all] Beachnutt May 2023 OP

I don't know the answer, but that is a new take, an appeal is to claim default is better bucolic_frolic May 2023 #1

Not sure. While I say yes, lawsuits might fly and cause RW SCOTUS to deny it and affirm the RWers. TheBlackAdder May 2023 #2

Enough. It's time to settle this. Buns_of_Fire May 2023 #3

If the shoe was on the other foot would they invoke 14th amendment ? Beachnutt May 2023 #4

In a split-second, of course. Like any good two-year-old, Buns_of_Fire May 2023 #9

The shoe is never on the other foot though. GoodRaisin May 2023 #13

Republicans depend on Democrats to save them. Turbineguy May 2023 #5

I'd greatly prefer it doesn't come to that. onenote May 2023 #6

It's only money. Tetrachloride May 2023 #7

Let's borrow and pay the bills due and Beachnutt May 2023 #8

You kind of missed the point. Who are we going to borrow from and on what terms? onenote May 2023 #18

Did you tell Republicans that when they created the debt? LakeArenal May 2023 #10

Pretty sure both parties "created the debt." onenote May 2023 #19

Invoke the 14th right after the deadline LostOne4Ever May 2023 #11

I believe he has to do whatever he has to do to KentuckyWoman May 2023 #12

Do the discharge petition first, and if that fails, then the 14th amendment JohnSJ May 2023 #14

If there are unknown or unclear possible serious risks nevergiveup May 2023 #15

I trust that he'll do whaever he needs to do to keep us from defaulting. GoCubsGo May 2023 #16

I say yes standingtall May 2023 #17

The problem is the law has been on the books since 1917 Buckeyeblue May 2023 #20

He said he won't Polybius May 2023 #21