A Tyrant's Dream: Congress Cedes Control Of Federal Debt

10/19/13

The bargain rushed through Congress on Wednesday night clobbers the U.S. Constitution. It shifts control over the debt ceiling from Congress to the president, in violation of Article 1, Section 8, and pushes the nation toward a slippery slope of allowing the president unlimited power to borrow.

Article 1, Section 8, states that "Congress shall have the Power To lay and collect Taxes ... to pay the Debts and provide for the common Defence and general Welfare of the United States; . .. To borrow Money on the credit of the United States ... "

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