House Democrats Ask Obama to invoke 14th Amendment
From Newsmax 7/27/11
Rep. James Clyburn of
The White House has rejected resorting to this tactic to keep the nation from defaulting, doubting its legality, but Rep. John Larson of Connecticut, who chairs the Democratic caucus, said that "we're getting down to decision time" and "we have to have a failsafe mechanism and we believe that failsafe mechanism is the 14th Amendment and the president of the United States."
Larson said Clyburn's proposal on the 14th Amendment was met with applause by other Democrats at their meeting.
White House spokesman Jay Carney, asked about Clyburn's proposal, said only Congress has the authority to extend the government's borrowing authority. "The president does not have authority to raise the debt ceiling. It's not a plausible way to address this problem and we do not think it is an option," he said.
The Democratic leaders said the vast majority in their party still support a plan for raising the debt ceiling and cutting spending put forth by Senate Majority Leader Harry Reid. But they said the inability of the government to pay its debts could drive up interest rates and affect millions of Americans forced to pay higher mortgages and higher interest on student loans.
Rep. Xavier Becerra of California, the assistant caucus chair, said Democrats are telling Obama, "Mr. President, Republicans through their failure have given you license to do whatever it takes to not let the American family go down into that abyss with House Republicans."
The post-Civil War 14th Amendment guaranteeing citizenship to all people born or naturalized in the United States contains a provision that "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."
Some legal scholars have said the president can invoke that clause to keep the nation from defaulting on the debt, although there is no legal precedent for such an action.
0 Comments:
Post a Comment
<< Home