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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (622151)	7/30/2011 1:55:45 AM
From: i-node	2 Recommendations Respond to of 1577920

>> That's irrelevant to the current issue. Even an actual late payment is not renouncing the debt or declaring it not valid, but even late payment isn't an issue, since the federal government has far more money than it needs to make its debt payments. For the most part those suggesting this 14th Amendment nonsense are doing so out of a lack of understanding of what it actually means. A notable exception is Clinton, who clearly was suggesting it be used as leverage when the president is in an exceptionally weak position (you have to use whatever is available in those circumstances). Nobody I know of has questioned the validity of the debt. That's a totally different thing from what is being debated here.

To: TimF who wrote (622151)	7/30/2011 3:18:45 PM
From: tejek	Read Replies (3) \| Respond to of 1577920

The 14th amendment says that "The validity of the public debt of the United States, authorized by law" shall not be questioned. That's irrelevant to the current issue. Even an actual late payment is not renouncing the debt or declaring it not valid, But it does put us in default. And that's a serious fudiciary breach to US debt holders. but even late payment isn't an issue, since the federal government has far more money than it needs to make its debt payments. We started running out of money in May. By 2 August, we will be short of money. All your claims to the contrary won't change that fact.