Is Defaulting on the Debt -- or Even a Congressional Threat to Default on the Debt -- Unconstitutional?

Tom Geoghegan says yes.

Comments

[dean farris]

Congress can't repudiate the debt simply because it wants to.
It can do what any bankrupt can do if there is justification. If obligations to pay a national debt prevented the US from acquiring the means of national defense, that debt would be repudiated. The 14th amendment is not a suicide pact. Expose the baggers for the whackos they are.

This government is not broke and it can tax the people who have grown immensely wealthy from the debt free trade has created to pay off that debt. It could tax us all to pay that debt. The only way to stop the ever growing debt is to reverse the free trade regime.
Practically every product we buy adds to the ever growing national debt. Free trade prevents Americans from living a 21st century lifestyle without increasing the national debt. This is not a situation we asked for. Most of us have always opposed free trade.
International trade is a social good unless it is a means by which the rich get richer while the people get poorer and government takes on excessive debt.