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DEBT: Little wonder that not much is being done

Letter by Andrew J. Kendro, Lakewood on July 8, 2011 at 12:25 pm with 1 Comment »
July 8, 2011 12:25 pm

Re: “President Obama should end the debt showdown” (TNT, 7-7).

Author Katrina Vanden Heuvel inserted an ellipsis in a sentence that left out a very important phrase.

She wrote that President Obama should “Invoke Section 4 of the 14th Amendment, which says ‘the validity of the public debt of the United States … shall not be questioned.’ ” That ellipsis left out a very important phrase: “authorized by law.”

Otto von Bismarck said, “Laws are like sausages, it is better not to see them being made.” Article I, Section 7 of the Constitution explains the process of how bills become laws. Currently what is happening inside the beltway is our politicians at their partisan best, and as Bismarck has said, it ain’t pretty.

The debt is something that is to be wrestled with by two branches of the government, the legislative and the executive. We shouldn’t be too surprised that little is getting done.

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  1. I think there’s a strong argument that any shortfall between legally authorized spending and revenue is debt “authorized by law”.

    I’d say the argument becomes stronger when one remembers that the President is legally required to spend money that the Congress appropriated once he signs the appropriation bill.

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