Cornyn: Obama Bypassing Congress on Debt Limit is 'Crazy Talk'
Read more: http://www.foxnews.com/politics/2011/07/03/cornyn-obama-bypassing-c...
Published July 03, 2011
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Schools and universities across the country on Friday will celebrate the signing of the U.S. Constitution, a portion of which is seen here. But plans to commemorate the day at many federal agencies contacted by FoxNews.com remain unclear.
Sen. John Cornyn warned President Obama on Sunday to not even consider interpreting the Constitution's Fourteenth Amendment to bypass Congress and raise the debt limit without its approval.
"That's crazy talk. It's not acceptable for Congress and the president not to do their job and to say somehow the president has the authority then to basically do this by himself," Cornyn, R-Texas, a former judge on the TexasSupreme Court, told "Fox News Sunday."
The proposal that Obama re-interpret Section 4 of the Fourteenth Amendment to justify raising the $14.3 trillion debt limit has been gaining traction in Democratic circles since Treasury Secretary Tim Geithner told reporters that the Constitution's language could support the president's raising the limit without congressional approval.
'The validity of the public debt of the United States, authorized by law, including debts incurred for the payments of pension and bounties for services in suppressing insurrection or rebellion' -- this is the important thing -- 'shall not be questioned,' " Geithner read during a discussion hosted by Politico in May.
Read more: http://www.foxnews.com/politics/2011/07/03/cornyn-obama-bypassing-c...
But neither he or any other Republican leader has said it is not Constitutional, just "Crazy". Why? Because it is Constitutional. SCOTUS already ruled on this:
ReplyDeletePERRY V. UNITED STATES, 294 U. S. 330 (1935)
The government’s contention thus raises a question of far greater importance than the particular claim of the plaintiff. On that reasoning, if the terms of the government’s bond as to the standard of payment can be repudiated, it inevitably follows that the obligation as to the amount to be paid may also be repudiated. The contention necessarily imports that the Congress can disregard the obligations of the government at its discretion, and that, when the government borrows money, the credit of the United States is an illusory pledge…
The Constitution gives to the Congress the power to borrow money on the credit of the United States, an unqualified power, a power vital to the government, upon which in an extremity its very life may depend. The binding quality of the promise of the United States is of the essence of the credit which is so pledged. Having this power to authorize the issue of definite obligations for the payment of money borrowed, the Congress has not been vested with authority to alter or destroy those obligations.
Good try John. Good try.
ReplyDeleteAs a Senator Obama railed and screamed about this very issue. Now you would interpret the Constitution to allow him the very powers he fought against!Maybe you had best think about what is good for America instead of what's good for the imposter in the White House! Pastor Lee