Democratic Rep. Jamie Raskin pushes back on Biden's concerns that using the 14th amendment to solve the debt ceiling crisis would land the administration in court: 'There's a binding legal requirement to pay Social Security and Medicare recipients'
Both sides of the aisle have been at odds for months over the best approach to raise the debt ceiling and ensure the government does not run out of money to pay its bills. While Speaker of the House Kevin McCarthythat would raise the debt ceiling through March 2024 accompanied by over $4.5 trillion in spending cuts, Biden and Democrats have remained adamant that they will only support a clean debt ceiling increase, without any cuts attached.
But with an economically catastrophic default as soon as two weeks away, Democratic Rep.
The clause Raskin referenced states that"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 would mean that a default, and the debt ceiling causing that default, would be unconstitutional.
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