The Mongrel Dogs Who Teach

Day: June 5, 2011

  • The debt ceiling and the 14th Amendment

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    by

    mongreldogs
    in ,

    The 14th Amendment is more-or-less the Swiss Army knife of the US Constitution.  It defines citizenship, extends constitutional protections to state constitutions, and so on.  Lately, it’s become popular to posit that it also holds the key to avoiding a default of US credit.  Specifically, Section 4 reads 4. The validity of the public debt of…