The debt ceiling is the last leverage that Republicans have to prevent out-of-control Federal spending and on various policy issues. Liberals know this: even as Senate Democrats talk of ending the right of Republicans to filibuster, liberals are seeking to defang the Republican House of Representatives as well.
The looming debt ceiling fight could allow Republicans to soundly defeat Obama’s overspending. In the “fiscal cliff” deal, Republicans succeeded by making most of the temporary Bush tax cuts permanent, but failed to get spending cuts.
Yet now, Republicans could use the debt ceiling vote to slash spending. The overall result could be serious deficit reduction at lower permanent tax rates. But this requires Republicans to stand united and refuse to raise the debt ceiling.
Section 4 of the 14th Amendment requires: “The validity of the public debt of the United States, authorized by law… shall not be questioned.”
Liberals argue that if Congress has authorized spending, this automatically gives the president the power and even the obligation to borrow whatever it takes to spend all the money for which Congress voted. When Congress votes to spend money, this includes the obligation of the chief executive to take whatever actions are necessary to pay the debts of the United States Government. That is because “the validity of the public debt” … “shall not be questioned.” Thus, any debt ceiling law violates Section 4, they argue.
(Excerpt) Read more at americanthinker.com …