The Debt Ceiling: Is It Constitutional?

Here we are only three days from financial Armageddon for our country and elements in the Congress are not willing to work out a bi-partisan compromise. Every thinking person from New York to Santa Monica, from Seattle to Miami and all points in between has an opinion (ignore the quality of thought likely in such a diverse group) and judging by reports are sending those opinions to the congress in growing numbers.

I wondered how all this got started and found at Young Lawyers Blog.com an explanation of how we (the United States of America) got started down this debt ceiling road. It is illuminating reading, especially for those who slept through civics 101. In short, the 14th Amendment to the Constitution of the United States of America prohibits anyone from questioning the national public debt. We have to pay our bills, regardless of what the Tea Party and any other "no tax pledge" signers think.

Last night Mary Matalin, CNN commentator, said these congress people were not interested in re-election, only in cutting federal spending. You show me a congress person who is not interested in re-election and I will show you either a senile congress person or one who knows an indictment is coming down.

The Young Lawyers Blog makes sense out of a complex topic. It is recommended reading.