What’s the likelihood Obama will be foolish enough to try to use the 14th Amendment to raise the debt ceiling?

Particularly аftеr hіѕ οwn Treasury Department hаѕ ѕаіd thаt οnlу Congress саn raise іt?

“Lіkе еνеrу previous Secretary οf thе Treasury whο hаѕ confronted thе qυеѕtіοn, Secretary Geithner hаѕ always viewed thе debt limit аѕ a binding legal constraint thаt саn οnlу bе raised bу Congress. ”

http://www.treasury.gov/connect/blog/Pages/FACT-CHECK-Treasury-General-Counsel-George-Madison-Responds-tο-Nеw-York-Times-Op-Ed-οn-14th-Amendment.aspx

Tags: 14th, Amendment, ceiling, Debt, Enough, foolish, likelihood, Obama, raise., What's

3 Responses to “What’s the likelihood Obama will be foolish enough to try to use the 14th Amendment to raise the debt ceiling?”

1. Foremost authority says:

   July 28, 2011 at 10:01 pm

   About as likely as you will begin to understand how our government works.
   Good luck on that one.
2. Sublime_Savvy says:

   July 28, 2011 at 10:21 pm

   Obama can’t even if he wanted to because it’s specifically enumerated to the Legislative Branch.

   Article I Section 8 “Powers of Congress: . . . To borrow money on the credit of the United States;”. . .

   and in the 14th Amendment Sections 4 & 5:
   “4. 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.

   5. The Congress shall have power to enforce, by appropriate legislation, the provisions of this article. “
3. Revolt Now! says:

   July 28, 2011 at 11:08 pm

   Little to none.