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Ross: As artificial debt crisis looms President Biden needs to act

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The President has a Constitutional obligation to continue to pay the bills. That, of course, would send the issue straight to the Supreme Court, where it would be up to the nine justices to decide whether the United States is officially a deadbeat nation.

You may remember Robert Reich as a professor, author, lawyer, political commentator, and Secretary of Labor under Bill Clinton – or you may remember him simply as one of the shortest public officials ever, which I am allowed to say, as a person of shortness myself.But Robert Reich has come up with a very interesting idea for avoiding the rapidly-approaching artificial debt crisis.Dr.

The way Reich reads that it means that when Congress passes a budget, it automatically authorizes whatever borrowing is necessary to pay for it.

 

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