(Image Source: BillWhittle.net)
 

BY ALLIE SPILLYARDS

 

You're watching multisource politics news analysis from Newsy.


Months of talk and they still can’t agree. Lawmakers have reached a stalemate in the great budget debate, and now President Obama might have an out. Huffington Post explains.

“The 14th Amendment reads, ‘The validity of the public debt of the United States, authorized by law ... shall not be questioned.’ If the White House were to declare the debt ceiling unconstitutional, it could continue to meet its financial obligations and leave many Republicans and Tea Party members in the tough spot of arguing against the plain wording of the Constitution.”

And a writer for the New American emphasizes just how much this move would compromise any efforts to hold up raising the debt ceiling.

“If this strategy is adopted, and President Obama decides to ignore the debt limitation statute, he could put the Tea Party into the uncomfortable position of appearing to oppose the Constitution that they highly revere.”

But some politicos are asking, just how accurate is the argument? Jonathon Turley tells a CNN panel, conservatives may have a point.

“Republican members can argue, is that they’re not questioning the debt or its validity. That this is a disagreement how and when the debt would be paid, the priority given to the debt. I think a court would find that argument more compelling.”

But some say the argument shirks responsibility. And on Fox News Sunday -- Texas GOP Senator John Cornyn dismissed the constitutionality debate.


“That’s crazy talk. It’s not acceptable for Congress and the President not to do their job and to say somehow the President has the authority to then basically do this by himself.”

But others argue - taking a closer look at the 14th Amendment isn’t so crazy. A blogger for Forbes writes...

“It’s certainly no more radical than being willing to risk a world financial crisis and an end to our own economic recovery over a 2% difference of opinion. When one side cannot manage to be reasonable, why would we expect the other to behave any better?”

The 14th amendment debate isn’t the only option on the table. According to Bloomberg, Republicans will also consider a mini-deal to avoid surpassing their August 2nd deadline.

 

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Transcript by Newsy

Politics News: Debt Debate

Potential Debt Debate Solution: But is it Accurate?

July 5, 2011
(2:03)
Democrats on the hill consider calling the debt ceiling unconstitutional, but Republicans question the validity of the interpretation.
   
TRANSCRIPT

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