Section 4 of the 14th Amendment, the U.S. Constitution’s public debt clause, proclaims, “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.”
Congress spends too much money, period. The Republicans and Democrats are almost equally bad at it. Some Republicans want to use the debt ceiling fight to lower future spending. The chances of their being successful are slim to none.
opinion
opinion So spend as much as you want?
opinion That would be a no.
opinion Direct the Treasury to withhold Congressional salaries. That should do it.
opinion Hostage taking, really? Doesn’t the House of Representatives have responsibility over the government budget? Don’t worry, the markets are not nervous, the Treasury Department can maneuver, any we’ve been through this before. Hostage is the wrong word!
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