So a debt limit statute that purports to compel the president to violate the law in the Constitution is of dubious legality."īiden met with McCarthy and top congressional lawmakers for the second time on Tuesday to attempt to come closer to an agreement on solving the debt ceiling crisis, and it appeared there was still minimal progress toward a deal. "So the president can't violate those statutory directives, nor can he violate the constitutional command. "There's a binding legal requirement to pay bondholders, there's a binding legal requirement to pay Social Security and Medicare recipients," Raskin added. "I'm not sure anybody would even have standing to get into court, and I imagine that the court would consider the whole thing a political question within the province of the executive branch to work out with Congress." "The question is whether anybody could sue the government for actually meeting the constitutional command by making payments to the creditors of the United States, bondholders, and Social Security recipients," Raskin said. "It's unfamiliar to people because no Congress has come close to driving us off the default cliff the way that Speaker McCarthy has, but I've just wanted to emphasize that there's a constitutional structure to this problem: section four of the 14th Amendment, that says that the validity of the public debt shall not be questioned," Raskin said. Jamie Raskin told Insider in an interview that it's time Biden invoke a clause in the 14th amendment that would get rid of this crisis forever.
While Speaker of the House Kevin McCarthy recently passed a bill in the House that would raise the debt ceiling through March 2024 accompanied by over $4.5 trillion in spending cuts, Biden and Democrats have remained adamant that they will only support a clean debt ceiling increase, without any cuts attached.īut with an economically catastrophic default as soon as two weeks away, Democratic Rep.
It often indicates a user profile.Ī Democratic lawmaker thinks it's long past time that President Joe Biden start seriously considering alternative routes to solve the debt ceiling crisis without Congress.īoth sides of the aisle have been at odds for months over the best approach to raise the debt ceiling and ensure the government does not run out of money to pay its bills. Account icon An icon in the shape of a person's head and shoulders.
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