Saturday, September 28, 2013

If there's a default, it is all on the President

It cannot possibly be Congress.  The law's already in the books.  The law can't be changed very easily.  The machinery is already there, it can't fail unless it is sabotaged.  But the Congress is not in the position to do that.

Tax collections continue regardless of whether or not Congress passes a budget.  Therefore, there's money coming in at all times.  There's an obligation under the Constitution ( 14th Amendment) to honor debt:

Section 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.
Clearly, the debt must be honored.  Even if that means all other spending should be suspended until that debt is serviced.  Only the President can stop this by refusing to follow the law.

We've already seen how this President will not follow the law sometimes.  Therefore, if there's a default, it can only be because the President refuses to pay the interest on the debt.  The money is there.  The agencies are there to do it.  All that is required is for them to do is to follow the law.  If they don't, it is somebody's fault.  Whoever that is is breaking the law and should be arrested.  You keep doing that until somebody releases the damned funds.  If this doesn't happen, it is the President's fault because the buck stops somewhere.

His talk of default or anybody's talk of default are just meant to scare people.  If he carries through with a threat to default, it will have been an act of treason.

Just for good measure, the Congress could pass a resolution that all tax monies available should go to service the debt.

If there's any monkey business on this account, it won't be because of Congress.

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