President Obama faces another debt ceiling impasse in a few weeks, and some say the only options he has are unconstitutional.
That is, unless he and the Republican Congress decided to simply quit spending so damn much in the future, though one would do well to not hold their breath waiting for that…
According to USA Today:
“In the event of a debt limit breach,President Obama would be forced to do one of three things, each one of them illegal and perhaps even unconstitutional, legal scholars say.
He could borrow money unilaterally, in defiance of the $18.1 trillion debt limit set by Congress. He could raise revenue by instituting new taxes, which would encroach on the taxing power of Congress and deprive people of property without due process. Or he could cut spending, which would renege on entitlement programs and violate the Congressional Budget and Impoundment Act of 1974, which requires the president to spend the money that Congress approves.
If Congress fails to raise the debt ceiling before the Treasury runs out of borrowed money in early November, the White House may have to decide which of those three options is the least unconstitutional.
So which option would President Obama choose? The White House won’t say.”