Rep. DeFazio: Obama was ready to invoke 14th amendment to raise debt ceiling

jct74

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From Jennifer Bendery @ HuffPo:

Rep. Peter DeFazio (D-Ore.) said Monday that Vice President Joe Biden told the House Democratic Caucus that President Barack Obama was, in fact, prepared to use the Constitution to raise the debt limit.

"We heard in there that the president, if this all had failed, was willing to invoke the 14th Amendment," DeFazio said after the meeting ended.

The news runs counter to what the White House, and even Obama himself, had said for weeks: that option has been off the table because it is unclear whether the president has the legal authority to invoke the 14th amendment to raise the debt ceiling himself.

http://www.huffingtonpost.com/2011/...d-obama-was-prepared-to-invoke-14th-amendment
 
I love the logic... Some clause about the validity of the civil war debt being used to justify reckless unlimited debt spending on crap.
 
I'm beginning to think the worst part of our Constitution is the borrowing power of the federal government. Right up there with having a central bank...
 
that option has been off the table because it is unclear whether the president has the legal authority to invoke the 14th amendment to raise the debt ceiling himself.

Hasnt stopped him before. He has thrown the Constitution out to the white hose lawn ever since he was elected. and now he is supposed to abide by it? LAUGHABLE
 
Constitution? I don't think that word means much to Obama, unless the topic is Usurpation of the Constitution.
 
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