And because these are likely the best spokespeople Republican extortionists will find, the attempted arguments call for engagement.
It is overtly threatening the contract rights of literally millions of innocent people, not to mention our own Constitution and prior budget legislation.
Next consider these astonishing claims: The 14th Amendment does not, “authorize the president to borrow more money,” and its purpose is “barring the repudiation of debt, not authorizing the means of repaying debt.”.
We say it because this isn’t about “Biden versus Congress,” or even about “Biden versus the MAGA faction of the House Republican Caucus,” at all.
And this includes Treasury issuances to cover past-debt redemptions as they come due — debt repayment and servicing themselves being budget line items.
President Biden, Leader Charles Schumer (D-N.Y.), Minority Leader Hakeem Jeffries (D-N.Y.) and all reasonable Republicans should kindly call the MAGA conservatives’ bluff.
Simply ignore the 1917 vintage debt ceiling, which is now null and void, and abide by the 1974 budget law. »
