Clinton wants Biden to assert the Fourteenth Amendment to the Constitution in order to override Congressional approval of a budget without a debt ceiling. Clinton, a former lawyer would seem to NOT be versed in the exact wording of the Amendment’s articles and their meaning. Section 4 of the Amendment is the clause they feel leverages this right. It Reads:
“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. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.”
The budget proposed by Biden is not ‘debt’ because it hasn’t been authorized yet. It is simply a request at this stage. Debt refers to obligations by law which would have accrued already such as Social Security, Interest and Pensions. But there is another stickler to Biden/Clinton’s 14th Amendment assertion – Section 5 states: The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.
There is absolutely no statement that gives the acting President the authority to override Congress or omit them from budgetary law.
The Fourteenth Amendment is thus not a valid means to force a PORK budget with discretionary spending that is NOT debt at all. The point is scare tactics. The point is a legal nightmare of misinformation being used to illegally hijack Taxpayer Funding.
Budget cuts are not on the liberal table – they want instead to INCREASE spending to ever higher levels despite each increase simply increasing the deficit for the next brawl. IF you gave our esteemed government a $13 trillion budget – they would overspend it. They are children at a lollipop store.
McCarthy continues to declare that he speaks privately with Biden – which is of course a nontruth – LIE. Biden can’t speak a coherent sentence much less negotiate deals and Bills. When the entirety of Congress continues to pretend that Biden is our WH representative, they reveal the fact they are ALL complicit in the coverup.
The obvious backstage handlers include: Rice, Bloomberg, Clinton, and Obama. But they are the shills for the largess hands of the opaque Masters who hide like thieves and mercenaries.
When The Pentagon, whose own budget record can’t account for $Trillions in LOST $$$$, suddenly determines a $3 billion accounting error freed up those monies to send to Ukraine, we know the Military is defunct.
According to the Treasury departments last public Balance Sheet dated September 2022, liquid assets amount to $2.668 TRILLION. The interest on debt stigma that is being parlayed is ugly, but it would NOT break the bank: interest liability on debt is roughly $600 billion. That would allow spending of over $2 trillion to cover remaining mandatory expenditures.
Aide to foreign countries is NOT a mandatory expenditure, neither is the PORK spending on NGO’s. The same NGO’s which rely on massive taxpayer funding such as National Endowment for Democracy which now has a number of subsidiaries all squealing for MONEY. Or CSIS which has also created additional baby mouths to feed! The CIA Fund Q-In-Tel would also be considered non-mandatory. Of course, funding for the CIA, FBI, and IRS are already on the table for defunding given the internal corruption has become ‘unsustainable’.
Various economists and media pundits with degrees in equity and inclusion have made their opinions known as to what would happen should there be no hike in the debt ceiling. The scenarios provided have been thoroughly researched and studied with conclusions stipulating – ‘it’ll be bad’ or ‘it’ll be really bad’…
But the reality is an unknown. Speculation provides theories, and theories provide guesstimates. We are in the height of tax season, so a fresh incoming stream of taxes is replenishing the cash assets. What the pundits don’t particularly like to discuss is truth. What they don’t like to do is present calm and analytical observations.
Chicken Littles Screaming The Sky is Falling.
The synopsis provided by the left is that the Treasury would stop writing ALL checks. That synopsis would have to be based on the principle that the Treasury has no money at all in reserve. That would mean they spent money for obligations that were not recognized. It would mean that the Treasury is already in default. It would mean the entire system of payments is fake and corrupt. It would mean our entire government has defrauded the American People. And THIS would be what they are afraid of –
Reuters claims that missing one payment on debt would trigger a collapse of Wall Street, and cause interest rates to go up pushing out housing, cars and small businesses. The economy would implode – and we would all starve and die. The basis of ALL the dire warnings is that the Treasury is broke and has zero CASH.
IF that is true, then funding for Mandatory payments could easily be a temporary resolution. But the liberals need the fear mongrels to intensify the allusion. Because Discretionary Spending is NOT DEBT!