National Debt Ceiling

A Crucial Month For Joe Biden And America!

The month of September is an extremely crucial month for the Joe Biden Presidency.

The issue of expansion of the national debt ceiling is essential.

So is how to bring about the two Infrastructure bills the administration has been promoting, one bipartisan and one by “reconciliation”.

Also, the need to deal with voting rights legislation; abortion rights guarantees to continue; the climate change crisis; the COVID-19 pandemic that continues to spread; and working to reform the Supreme Court and the filibuster.

Realistically, not all of these can be resolved that quickly, but progress is essential, as accomplishing change will not be easier in an election year, with the midterm elections of 2022!

14th Amendment Celebrates 143rd Anniversary: Time For President Obama To Utilize It To Save The American Economy From Disaster!

Today in the year 1868, the 14th Amendment to the Constitution, arguably the most important amendment other than the first ten (The Bill Of Rights), was adopted and added to the Constitution.

It gave African Americans citizenship, and pledged that no state could deprive anyone of life, liberty, and property, or deny equal protection of the laws. It also provided for the concept that all federal debts were to be paid by the government without any question as to their legitimacy.

Who would think that 143 years later, it is precisely this Section 4 of the 14th Amendment which can, if President Obama invokes it, save the nation from economic disaster by providing for a raising of the debt ceiling, taking away that authority from a reckless, irresponsible Republican majority in the House of Representatives, who as the author writes, still cannot get a majority to take responsibility for past debts that MUST be repaid to keep the good faith and credit of the United States government to bond holders and domestic and foreign investors!

Obama MUST take action, and should not wait any longer!

This is a moment which will define his Presidency in history, and he must assert his executive authority, and to hell with the radical Tea Party anarchists!

Let them try to impeach him, and the nation will arise in anger and throw these damn whackos out of power as equivalent of terrorists against the American people, not concerning themselves with their welfare and security!

These Tea Party radicals are NOT keeping their oath of office, and should be righteously thrown out of office by their ears, and told we are not going to tolerate this lunatic extremism, which has no concern for average Americans, and only speaks for the rich and the powerful forces which financed their gaining power by propagandizing among gullible Americans who have no clue as to the long term damage this radical anarchistic group is perpetrating on us, their victims!

America’s reputation and economic stability hangs in the balance, and we should all say a prayer, even if not religious, that Barack Obama has the courage and the conviction to do the right thing and save us from what might rank as one of the most dangerous moments of crisis in all of American history since independence in 1776!

14th Amendment, Section 4: The Constitutional Solution To The National Debt Ceiling Crisis!

The Republican Party loves to use the Constitution in an abusive way to prove its points and its agenda.

This includes the demagoguery to refuse to agree to any tax increases to deal with the national debt and the debt ceiling!

Well, now, Bruce Bartlett, a former financial adviser and senior policy analyst to President Ronald Reagan, has pointed out that the 14th Amendment, Section 4, solves the issue as it states:

“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.”

If that is the case, and many constitutional specialists believe that is so, then the argument is that the President of the United States can decide to so declare after all negotiations have been attempted and failed, and that would resolve the issue, and insure that all pensions and payments would be made no matter what the national debt becomes, rather than the constant threats, politics, and blackmail that the opposition constantly employs!

And the answer is that the American people, including the wealthy among us, will have to face reality that taxes are going to go up, in order to promote economic stability and growth, and that this is the price of keeping our freedom and liberty, to be socially responsible to the needs of a nation of more than 300 million in the early 21st century!