U.S. Congress have the biggest say, budget.
So executive orders can only be applied to the executive branch functions? You'd think he should have the power to unilaterally raise the debt limit.
Most Speakers of the House before January, 1995 sought cooperation with U.S. President. Newt Gingrich realized the job of Speaker of the House is a very powerful job.
The 14th amendment includes this text:
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.
That was included to say that the debts from Union during the Civil War should be paid.
Biden, of course, could just argue that the debt limit is unconstitutional under the 14th amendment. Since Congress has authorized the spending by law, including debts incurred .. "shall not be questioned" is pretty clear.
Regardless of your politics, I think the debt limit drama is ridiculous. If you get an expensive rental or house, it's not like you should just declare you can't pay the bills. Well, you can, but you'll get evicted.
This is all show, they squabble until the last Minute, then come to an agreement, THEY ALWAYS RAISE THE DEBT CEILING, They wont default, this is something both sides agree with just like when they vote to raise their own salaries and their our ALWAYS a few that say I will not vote to raise our salaries (Disingenuous) as the situation is so bad knowing the overwhelming majority will vote to raise the salary
You and I may agree it is ridiculous to have to go through this but this is not all show. Federal workers have been laid off due to these Debt Ceiling fights since Newt Gingrich. We have had U.S. Treasuries downgraded by bond rating agencies due to these Debt Ceiling fights.
Spot on. Completely ridiculous that Congress regularly threatens to destroy the economy because they don’t want to pay for spending bills that they themselves authorized.
It’s proof that 60% or more of government workers are of no value. Every ‘shutdown’ is mire proof. Things continue so there really is no shutdown outside of the MSM touting about some family from Paducah arriving at Yellowstone only to find it closed.
If he goes that way, I assume it will get blocked by Trump's Supreme Court.
Because I passed second grade math I understand the US can easily pay its outstanding debt without raising the ceiling. The US takes in trillions of tax dollars each year. Interest on the debt is in the hundreds of millions. That means the US government could easily roll over its debt and pay the interest with the current tax revenue. Of course politicians don't want that because it would mean there would have to be serious cuts to the bloated federal budget. This is a total joke. The fiscal "conservative" is demanding not that we go back to Clinton era spending, or pre Covid spending but to 2022 spending. 20 years ago both parties would have said this was insanely irresponsible, Biden in fact did when deficits were much smaller during the Bush era and voted against raising the debt ceiling. But now the Democrats are so crazy they think returning to spending levels of a year ago are extreme and that the president should be able to unilaterally be able to raise the debt limit.
You'd think at a time of serious inflation there might be someone pushing fiscal restraint but the only politicians who are, are on the fringe of the Republican party. The most likely Republican nominee for president has shown zero interest in fiscal restraint. So right now we're left with a party that wants to blow money out of a fire hose, and a second party who wants to blow money out of slightly smaller fire hose but pretend they don't when they aren't in power.
Power of the purse does not rest with the president. The Dems lost the house. For them to pretend otherwise is pointless. Cuts are necessary. Time to compromise.
Why can’t you just raise the debt limit yourself?
Checks and balances. Legislative branch has oversight of executive branch. They approve the budget and appropriations.
Focusing on the debt ceiling is like staring at the 50foot wave that's going to be hitting the piers on the dock, meanwhile a mile out there's a tsunami coming. - Stanley Druckenmiller
I wish I had your confidence. It is historically true that the debt limit has always ultimately been raised, and I do think its being raised this time (eventually) is likely.
But keep in mind that many of the Republicans in Congress see no particular benefit in letting the limit go up. If the U.S. defaults, the national (and world) economy will tank and millions of Americans will be out of work in the next couple of years. Sure, those millions will include some of the GOPers' constituents BUT the Republicans in the House/Senate will be able to say that Biden destroyed the economy (because, if it tanks, it's POTUS's fault--right?) and run against him and the Dems, probably successfully, on that basis.
OTOH if Biden et al. blink first, the GOPers will be able to point to what they got the administration to concede. First on their list: reduced funding to the IRS, which their two-digit constituents are likely to see as a good thing--even though the small fry are the only ones who can be audited when IRS funding is scarce.
It just doesn't strike me that long-term consequences are something that many current members of Congress (some Dems, too) concern themselves with. The very longest term they can deal with is their next election.
POTUS probably does have the power to tell Treasury to ignore the debt ceiling. But, as someone's already pointed out, the current SCOTUS is not necessarily inclined to follow what the Constitution actually says--if doing so would help a Democratic administration. That's just the reality.
* If you call your U.S. Congressperson tomorrow and say you want age 3 to age 23 tuition free public education for all sans means testing, U.S. could do without thousands of federal workers. Fed Financial Aid for higher education is a jobs program.
* If you call your U.S. Congressperson tomorrow and say you want Austrian-style government health care for all, U.S. could do without thousands of federal workers means testing U.S. citizens. See Medicaid.
* If you call your U.S. Congressperson tomorrow and say you want Universal Basic Income, we can do away with federal and state workers means testing to see who qualifies for Section 8, S.N.A.P. & W.I.C.
Unless you make the calls tomorrow or soon, federal parks may close and U.S. Treasuries bond rating may be lowered.
Exactly! They are called "executive" orders because they are the orders the President issues to carry out his constitutional duties as President.
As was pointed out above, the Consituttion gives Congress the power to borrow $$. That is why it takes an Act of Congress to authorize borrowing.
We are in this situation because good budgetting is seldom good politics. Good budgetting requires politicians to hurt some voters, either by cutting spending or raising taxes. Since pain is never popular, neither is good budgetting.
A statutory debt ceiling is like a chastity belt with the key attached. It won't really matter, but it will be annoying.
Because that is assigned to the legislative branch.
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