18 May 2023

Biden must announce that the 14th amendment makes the debt ceiling moot.

I will reiterate. I think Biden makes a mistake every day he fails to announce that the Administration is going to regard the fourth clause of the 14th Amendment to the Constitution, which requires that the debt of the United States not be subject to "question," as supreme. Regardless of what the Congress does. Let the anti-US fascists file in some right wing district court; the Supreme Court will have no choice but to take the case instanter. And, OK, we'll be rolling the dice. But the supposed textualists of the Supreme Court, however mad they may be, are beholden to the big business interests that are truly horrified by the prospect of default. And how could they possibly twist their doctrine to say that a WW1 era statute should trump the black letter of the Constitution? Well, sure, they could, but I can't believe they would. Dumbos like McCarthy, Gosar and MTG may think somehow it would inure to their advantage to crash the world economy and destroy the advantageous position America derives from having the reference currency and most desirable bonds. But I cannot believe a Supreme Court majority would do that. And if I'm wrong, we would be no worse off, because if we again give in to this extortion, by a minoritarian party that will probably never receive a majority of the popular vote nationwide, we will have lost our democracy anyway. 

No comments:

Post a Comment

Gyromantic Informicon. Comments are not moderated. If you encounter a problem, please go to home page and follow directions to send me an e-mail.