Debt Brinksmanship

Debt Brinksmanship

On President Obama’s dilemma, if America reaches the point of debt default. The 14th Amendment to the US constitution holds that “The validity of the public debt of the United States … shall not be questioned.” But Congress controls spending. “Should Congress fail to raise the debt limit in a timely manner, President Obama will have no choice but to break the law; the only question will be which law to break”