You know about the debt limit. It’s an extra obstacle — as if we needed one — to the smooth running of the Congress, exploited by Republicans. The debt incurred by the U.S. government is founded on borrowing for spending that has already survived the budget process. In other words, it’s a requirement that spending be approved twice. Note that there is nothing similar for tax cuts that themselves increase the national debt.
The coin is a gronk. So are the "extraordinary measures" of Treasury, which come from a well-thumbed playbook. The 14th Amendment is a straightforward and honest approach--the obligations of the United States may not be questioned. Full stop. And as John Roberts is aware, the Executive Branch can always take the position that each branch must act Constitutionally, regardless of what another branch might think. (Abe Lincoln pulled this trick, back in the day.) The last thing John Roberts wants to do is count the number of divisions controlled by the Supreme Court.
The coin is a gronk. So are the "extraordinary measures" of Treasury, which come from a well-thumbed playbook. The 14th Amendment is a straightforward and honest approach--the obligations of the United States may not be questioned. Full stop. And as John Roberts is aware, the Executive Branch can always take the position that each branch must act Constitutionally, regardless of what another branch might think. (Abe Lincoln pulled this trick, back in the day.) The last thing John Roberts wants to do is count the number of divisions controlled by the Supreme Court.