So you might or might not be aware about the debt ceiling argument currently taking place in the US. I’ve already written about this, but President Biden for some reason didn’t listen to me (perhaps because he doesn’t read my blog – which is disappointing). Other, more famous people have written about it too,, but the President insists on pretending he has to make a deal with the Republicans. So, to catch everyone up, here’s how this all works.
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. US Constitution, 14th Amendment, Section 4 The debt ceiling is unconstitutional. We’ve let the Republicans play their games for long enough, in the interest of “stability of the economy” and a general fear of rocking the boat, but that time is over now.