Do you want your Representative in Congress and your United States Senator to uphold the Constitution? If so, they’d better quit listening to the tea parties.
Note to tea partiers, libertarians, Ron Paul Bots, and the political panderers who would not vote to raise the debt ceiling….
“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. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.”
According to Page 294 U. S. 353
“….The Congress, as the instrumentality of sovereignty, is endowed with certain powers to be exerted on behalf of the people in the manner and with the effect the Constitution ordains. The Congress cannot invoke the sovereign power of the people to override their will as thus declared. The powers conferred upon the Congress are harmonious. 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….”
Golly, who knew?
Tea Partiers and hard line libertarians who are demanding the GOP not raise the debt ceiling might want to check out the Fourteenth Amendment, Section 4:
“...Section 4 confirmed the legitimacy of all United States public debt legislated by the Congress. It also confirmed that neither the United States nor any state would pay for the loss of slaves or debts that had been incurred by the Confederacy. For example, several English and French banks had lent money to the South during the war. In Perry v. United States (1935), the Supreme Court ruled that voiding a United States government bond “went beyond the congressional power” on account of Section 4. Republican economist Bruce Bartlett argues that Section 4 renders the debt ceiling unconstitutional, and obligates the President to consider the debt ceiling null and void….”
It comes from Perry V. United States, 294 U. S. 330 (1935)
“…11. Section 4 of the Fourteenth Amendment, declaring that “The validity of the public debt of the United States, authorized by law, . . . shall not be questioned,” is confirmatory of a fundamental principle, applying as well to bonds issued after, as to those issued before, the adoption of the Amendment, and the expression “validity of the public debt ” embraces whatever concerns the integrity of the public obligations. P. 294 U. S. 354….”